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inaction caused by sunk costs. The second, the neo-institutional finance theory, emphasises capital market imperfections and …
Persistent link: https://www.econbiz.de/10003636124
external finance premium. In the presence of financial market imperfections the firm forms expectations about future financial … the interest cost of debt repayment and of a provision for external finance that depends on the firm´s expectations over …
Persistent link: https://www.econbiz.de/10013132124
external finance premium. In the presence of financial market imperfections the firm forms expectations about future financial … the interest cost of debt repayment and of a provision for external finance that depends on the firm's expectations over …
Persistent link: https://www.econbiz.de/10013132415
R&D investment are an important engine of growth and development. Yet economists have often claimed under-investment, also due to the asymmetric information between inside investors and outside investors and financiers, and the consequent capital and financial market imperfections. Some recent...
Persistent link: https://www.econbiz.de/10012919304
Most people confuse two ideas: money pyramid and stock market investment. The majority of the people know their definitions, understand the drawbacks of pyramids, however, they miss the main point. The research contributes to the development of financial literacy among Kazakh people because the...
Persistent link: https://www.econbiz.de/10013235226
The market for secondary venture capital transactions provides a way for investors to obtain liquidity if the investee start-up corporation has not yet reached sufficient maturity for an IPO. It also creates divestment opportunities for badly performing ventures that investors would rather...
Persistent link: https://www.econbiz.de/10012844576
The objective of this paper is to combine a real options framework with portfolio optimization techniques and to apply this new framework to investments in the electricity sector. In particular, a real options model is used to assess the adoption decision of particular technologies under...
Persistent link: https://www.econbiz.de/10010294022
literature in mathematical finance concerning optimal portfolio allocation and stopping rules? The uncertainty concerns the …
Persistent link: https://www.econbiz.de/10010276757
literature in mathematical finance concerning optimal portfolio allocation and stopping rules? The uncertainty concerns the …
Persistent link: https://www.econbiz.de/10003807893
Banks should evaluate whether a borrower is likely to default. The author applies several techniques in the extensive mathematical literature of stochastic optimal control/dynamic programming to derive an optimal debt in an environment where there are risks on both the asset and liabilities...
Persistent link: https://www.econbiz.de/10003884842