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We present a unified theoretical framework capable to address the main real capital decision problems. Initially we specify a continous-time, terminal-horizon real capital model and use it to trace the properties of optimal utilisation, maintenance, and expansionary investment policies, as well...
Persistent link: https://www.econbiz.de/10005781139
We construct company panel datasets for manufacturing firms in Belgium , France, Germany and the UK, covering the period 1978-89. These datasets are used to estimate emprirical investment equations, and to investigate the role played by financial factors in each country.
Persistent link: https://www.econbiz.de/10005641140
We present a unified theoretical framework capable to address the main real capital decision problems. Initially we specify a continous-time, terminal-horizon real capital model and use it to trace the properties of optimal utilisation, maintenance, and expansionary investment policies, as well...
Persistent link: https://www.econbiz.de/10008619394
implemented by taking to an account the size of investments, purchase price, direction of transaction, type of transaction, and …
Persistent link: https://www.econbiz.de/10011259891
Following the framework found in Oliva et al. 1987, GEMCAT II implements a felxible method to test catastrophe models containing multivariate (i.e., latent) variables while allowing for a prioi variable specifications. The system uses an efficient hybrid minimization algorithm combining the...
Persistent link: https://www.econbiz.de/10012780497
A stronger long-term orientation is considered a competitive advantage of family firms relative to non-family firms. In this study, we use panel data of U.S. firms and analyze this proposition. Our findings are surprising. Only in when the family is involved in the management of the firm is the...
Persistent link: https://www.econbiz.de/10005860839
A stronger long-term orientation is considered a competitive advantage of family firms relative to non-family firms. In this study, we use panel data of U.S. firms and analyze this proposition. Our findings are surprising. Only in when the family is involved in the management of the firm is the...
Persistent link: https://www.econbiz.de/10003634985
Investments in Ramp;D can influence a firm's ability to develop new products and to create and adopt innovative … technologies that may enhance productivity. However, due to uncertainty regarding the outcome, investments in Ramp;D may lead to an … in their agency situation than other firms, which may have an influence on Ramp;D investments. This paper analyzes Ramp …
Persistent link: https://www.econbiz.de/10012751787
A stronger long-term orientation is considered a competitive advantage of family firms relative to non-family firms. In this study, we use panel data of U.S. firms and analyze this proposition. Our findings are surprising. Only in when the family is involved in the management of the firm is the...
Persistent link: https://www.econbiz.de/10010263703
A stronger long-term orientation is considered a competitive advantage of family firms relative to non-family firms. In this study, we use panel data of U.S. firms and analyze this proposition. Our findings are surprising. Only in when the family is involved in the management of the firm is the...
Persistent link: https://www.econbiz.de/10005678047