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investment and firm's growth. Moreover, the leverage multiplier effect is the highest for firms relying on short-term credits and …In this paper we describe a theoretical model of optimal investment of various types of financially constrained firms …. We show that the resulting relationship between internal funds and investment is non-monotonic. In particular, the …
Persistent link: https://www.econbiz.de/10010494347
This paper investigates the incentives to invest in improving the quality (as distinguished to investment in a new … activity) in telecommunication industry using the empirical example of wireless markets. We highlight that investment … intensity and penetration rate. We show that there is a target amount of investment for each national market that firms strive …
Persistent link: https://www.econbiz.de/10009567869
investment, profitability and industry concentration ratios are examined. The study reveals that EMU has a substantial negative … effect on employment growth in the Greek manufacturing sector. However, it strengthens the effect of exports, new … investmentsin tangible assets and R&D expenditures on the creation of new work positions. -- industry study ; dynamic growth …
Persistent link: https://www.econbiz.de/10009009826
This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank's Inflation Persistence Network
Persistent link: https://www.econbiz.de/10013134926
investment, profitability and industry concentration ratios are examined. The study reveals that EMU has a substantial negative … effect on employment growth in the Greek manufacturing sector. However, it strengthens the effect of exports, new investments …
Persistent link: https://www.econbiz.de/10013138895
This introductory essay briefly summarizes the eleven empirical studies of price setting and price adjustment that are included in this special issue. The studies, which use data from several European countries, were conducted as part of the European Central Bank's Inflation Persistence Network
Persistent link: https://www.econbiz.de/10013123409
The European electricity market is in the middle of a transformation from monopolistic state-owned production and distribution to privatized markets, with various competing firms. The speed of privatization differs widely across Europe from full trade of electricity at the wholesale market in...
Persistent link: https://www.econbiz.de/10012734941
Persistent link: https://www.econbiz.de/10012966518
The debate on the regulation of minority shareholdings as a type of “structural link” between competing undertakings is not a new one in the sphere of EU competition law. As a matter of policy, the incomplete and rather divisive treatment of minority shareholdings under the current EU merger...
Persistent link: https://www.econbiz.de/10014134164
In a Stackelberg oligopoly with cost asymmetry and possibility of entry, the Stackelberg leader faces a kinked demand curve. For a robust interval of cost of the leader, the equilibrium price is rigid with respect to small changes in demand and costs of active firms
Persistent link: https://www.econbiz.de/10014064157