This paper provides risk/reward evaluation and legal analysis of foreign investing under Cuban Law No. 118 (2014). Section I addresses dynamic changes in Cuba since 2008. Section II examines reforms of Cuban foreign investment laws. Section III explores investment options such as import/export,...

Firm growth is considered to be one of the main drivers of economic growth. Whether adequate access to external finance is an important factor for firm growth is still a point of debate in literature. In this paper, we study the relationship between firms’ access to finance and their...

We examine whether financial systems facilitate efficient allocation of resources into perspective projects. Employing European micro-level data from 1996-2005, we show that firms in industries with the best growth opportunities use more external finance in financially more developed countries....

The primary aim of this paper is to investigate the relationship between working capital management and firm profitability. The analysis based on a sample of 2123 Japanese non-financial firms listed in the Tokyo Stock Exchange for the period 1990-2004. The results suggest that managers can...

We extend theories of the firm to the entrepreneurial finance setting and argue that R&D-focused start-up firms will have a greater likelihood of financing themselves with equity rather than debt. We argue that mechanisms that reduce information asymmetry, including owner work experience and...

Distortions in capital markets can create financial constraints that deter firms from pursuing optimal investment plans. This paper explores how much these constraints affect investment by ownership type in China, using a panel data model estimated with observations on listed firms for the...

So far little effort has been put into researching the importance of internal ERP project stakeholders’ mutual interactions, realizing the project’s complexity, influence on the whole organization, and high risk for a useful final outcome. This research analyzes the stakeholders’...

The Hollywood quot;studio systemquot; - with production, distribution, and exhibition vertically integrated - flourished from the late teens until 1948, when the U.S. Supreme Court issued its famous Paramount decision. The Paramount consent decrees required the divestiture of affiliated theater...

This paper is about what is called usually SME (Small and medium-sized entreprises, thus including the very small companies). But it raises in preamble the question of the relevance, from an economic point of view, of this statistical category, defined, for example, like the companies employing...