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Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …
Persistent link: https://www.econbiz.de/10011621855
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This report analyses the farm performance data contributed through the OECD Network for Farm-level Analysis. It first compares the distribution of four economic performance indicators across nine participating countries or regions for selected farm types (output and input ratio, and net...
Persistent link: https://www.econbiz.de/10009767977
The relationship between land investment and tenure security is usually tested in land scarce but peaceful areas. This … article examines instead the effects of land abundance and war for investment and tenure security. The paper demonstrates that … war enhances land abundance. This implies that farm size for the analysis of land investment and tenure security. The …
Persistent link: https://www.econbiz.de/10011438824
investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm s value due to profit sharing, linking this reduction to the …
Persistent link: https://www.econbiz.de/10011509471
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"We propose and test a catering theory of nominal stock prices. The theory predicts that when investors place higher valuations on low-price firms, managers will maintain share prices at lower levels, and vice-versa. Using measures of time-varying catering incentives based on valuation ratios,...
Persistent link: https://www.econbiz.de/10003640918
Persistent link: https://www.econbiz.de/10003945509
Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …
Persistent link: https://www.econbiz.de/10010514983