Similar Search Results

Investment, protection, ownership, and the cost of capital

Himmelberg, Charles P.; Hubbard, R. Glenn; Love, Inessa - 2002

We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs depends on a parameter representing investor...

Persistent link: https://www.econbiz.de/10011623466

Investment, Protection, Ownership, and the Cost of Capital

Himmelberg, Charles P. - 2010

Persistent link: https://www.econbiz.de/10013136994

The risk of policy tipping and stranded carbon assets

Ploeg, Frederick van der; Rezai, Armon - 2019 - Revised July 2019

capitalization, exploration investment and discoveries. To explain and quantify these four effects, we use an analytical model of … investment in exploration capital with intertemporal adjustment costs, depletion of reserves and market capitalization, and …

Persistent link: https://www.econbiz.de/10012039083

Financial Markets, Financial Dependence, and the Allocation of Capital

Pang, Jiaren; Wu, Haibin - 2013

We explore one specific channel through which finance promotes growth: the allocation of capital. Using international industrial data, we find that countries with developed financial markets invest more in growing industries, and pull out more funds of declining ones. Most interestingly, this...

Persistent link: https://www.econbiz.de/10014046865

Investment, protection, ownership, and the cost of capital

Himmelberg, Charles P.; Hubbard, R. Glenn; Love, Inessa - 2002

Persistent link: https://www.econbiz.de/10001672876

Modelling the Price of Industrial Commodities

Baldursson, Fridrik Mar - 1999

branch is the theory of irreversible investment under uncertainty, the second the theory of competitive speculation in stocks … investment under uncertainty deals with problems of investment or planning where the investment outlay is irretrievable, once …, investment in inventories occurs because of expectations of future price rises. The effect of inventory speculation is therefore …

Persistent link: https://www.econbiz.de/10014178075

Trust in Transition : Cross-Country and Firm Evidence

Raiser, Martin; Rousso, Alan; Steves, Franklin - 2003

This paper uses data from a large survey of firms across 26 transition countries to examine the determinants of trust in the transition process. We first introduce a new measure of trust between firms: the level of prepayment demanded by suppliers from their customers in advance of delivery....

Persistent link: https://www.econbiz.de/10014029680

Institutions and financial frictions : estimating with structural restrictions on firm value and investment

Claessens, Stijn - In: Journal of development economics 110 (2014), pp. 107-122

Persistent link: https://www.econbiz.de/10011293090

Corporate ESG investments and Firm's value under the real-option framework : evidence from two world-leading economies

Bagh, Tanveer; Jiang, Fuwei; Khan, Muhammad Asif - In: Borsa Istanbul Review 24 (2024) 2, pp. 324-340

, social, and governance (ESG) investment plans. However, dichotomy is found in the literature about how rising ESG practices …

Persistent link: https://www.econbiz.de/10014495167

The moderating role of economic uncertainty via corruption on investment : evidence from European firm level

Akron, Sagi; Demir, Ender; Díez-Esteban, José María; … - In: European journal of international management : EJIM 22 (2024) 2, pp. 230-253

Persistent link: https://www.econbiz.de/10014546185

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