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Towards A General Theory of Real Capital.
Bitros, G.C.; Flytzanis, E.G. - Department of International and European Economic … - 2001
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
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Towards A General Theory of Real Capital.
Bitros, G.C.; Flytzanis, E.G. - Athens University of Economics and Business (AUEB) - 2001
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
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The Evolution of the Foreign Direct Investments in Romania
Hagiu, Alina; Avramescu, Tiberiu Cristian - Volkswirtschaftliche Fakultät, … - 2008
Last year, Romania ranked among first countries in the region as receiver of foreign direct investments and the … Romania today maybe the most valuable country rating: the respect. The present policy of foreign direct investments in Romania … investments in the last years. Each foreign investment represents an investment in Romania, in the people of this country, in its …
Persistent link: https://www.econbiz.de/10005622087
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The Government as a Sharholder: A Case from the U.S.
Kole, S.R.; Mulherin, H. - William E. Simon Graduate School of Business … - 1995
Persistent link: https://www.econbiz.de/10005487093
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How Does Uncertainty Over Future Environmental Policy Affect Investment Decisions in Transition Economies?
Larson, B.A. - Harvard Institute for International Development (HIID), … - 1998
A firm-level sequential investment model is developed to analyze how uncertainty about environmental policies in the future affects current investment decisions. Three specific policies are considered -- a pollution tax, an investment credit in the presence of liquidity constraints, and a...
Persistent link: https://www.econbiz.de/10005638952
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Financial Factors and Investment in Belgium, France, Germany and the UK: a Comparison using Company Panel Data.
Bond, S.; Elston, J.A.; Mairesse, J.; Mulkay, B. - 1999
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
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Aggregate Investment, Tobin's q and Insolvency.
Leith, C. - Business School, University of Exeter - 1998
Despite being theoretically appealing, the standard q-theory of investment performs very poorly in empirical work. This paper extends the q-theory to include the possibility that costs associated with the risk of insolvency affect the firm's investment decisions. Using aggregate data for the UK...
Persistent link: https://www.econbiz.de/10008852380
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Irreversibility, Uncertainty and Growth.
Jamet, S. - Centre de recherche de mathématiques et économie … - 1999
This paper studies the aggregate implications of microeconomic investment irreversibility and idiosyncratic uncertainty. We explore the ability of irreversibility to endogenously generate differences in firms sizes.
Persistent link: https://www.econbiz.de/10005630661
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Investment Cash Flow Sensitivity : The Role of Cash Flow Volatility
Mulier, Klaas - 2014
Low cash flow volatility firms receive stronger signals about future cash flow from a given cash flow shock, yielding a larger drop in demand for external finance and their cost of external finance, implying higher investment-cash flow sensitivities (ICFS). Empirical analysis in 6 European...
Persistent link: https://www.econbiz.de/10013044587
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Growth with Foreign Investment, Learning and Spillovers.
Wang, L. - Økonomisk institutt, Universitetet i Oslo - 1996
A simple endogenous-growth model is constructed to account for the growth of the transnational corporation (TNC) through foreign direct investment (FDI), and its implications for host countries.
Persistent link: https://www.econbiz.de/10005652336