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a reliable and an unreliable supplier compete for the business of a responsible buyer, the buyer achieves higher … responsibility by offering a short-term commitment to the unreliable supplier. The result is reversed and follows standard intuition … only if the buyer cannot control purchase prices. Optimal contracts are derived in closed form and are linked to prevailing …
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We analyze diversification of boundaries of local firms in developing countries under the economic globalization. The globalization has an aspect of homogenization of the world economy, but also has another aspect of diversification through international economic activities. Focusing on...
Persistent link: https://www.econbiz.de/10010539678
Can sovereign debt write-downs be used to achieve the Millennium Development Goals (MDGs)? This paper shows that transparency of domestic governance determines how a sovereign debt write-down is structured to attain the MDGs. When domestic governance is transparent, an unconditional debt...
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considered here may affect the sensitiveness of investment to cash flow. Large firms, stock market listed firms as well as firms …
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Climate change is one of the most critical environmental issues of the twenty first century. Buildings have a negative environmental impact; they emit Green House Gases (GHG), consume energy, water, and raw materials. Managers of firms working in the building sector take important decisions when...
Persistent link: https://www.econbiz.de/10013072637
Eco-industrial parks are a form of industrial parks that seems to gain more and more interest in the developed and emerging countries. In the introduction, the paper presents the reasons that justify the presence of an eco-industrial park on a territory and continues stressing their main...
Persistent link: https://www.econbiz.de/10012751088