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In this paper we attempt to investigate the importance of certain external factors on the investment decision among … Polish companies. With the use of data from the tailored made Survey on Receivables we examine factors influencing investment … finally we determine the relative influence of these factors on the actual investment reductions. The results showed that …
Persistent link: https://www.econbiz.de/10009789957
In this paper, we attempt to investigate the importance of certain external factors on the investment decisions made by … investment decisions of companies in Poland; (2) assess the relation between branch, company size and investment factors; (3 …) evaluate the importance of the investment factors; and (4) determine the relative influence of these factors on the company …
Persistent link: https://www.econbiz.de/10010253997
We study the effects of uncertainty on corporate leverage adjustments with respect to investment spikes and find that … overlevered and underlevered firms behave very differently in response to the combination of uncertainty and investment spikes …
Persistent link: https://www.econbiz.de/10012855716
We show that the standard analysis of vertical relationships transposes directly to investment dynamics. Thus, when a … input to serve a growing but uncertain demand, and if the supplier has market power, investment occurs too late from an … investment option, greater volatility can result in a lower value for both firms. We examine several contractual alternatives to …
Persistent link: https://www.econbiz.de/10013048394
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Persistent link: https://www.econbiz.de/10011709114
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We study non-contractible intangible investment in a dynamic agency model with multitasking. The manager's short …-term task determines current performance which deteriorates with investment in the firm's future profitability, his long …-term task. The optimal contract dynamically balances incentives for short- and long-term performance such that investment is …
Persistent link: https://www.econbiz.de/10012852466
The determinants of investment behaviour are essentially preferences, endowments, production possibilities and … generally assumed, i.e. exponential and time-consistent preferences. In this paper I develop a simple model of land investment … security on investment incentives do not hold in this more general setting. In particular, I show that an inverse relation …
Persistent link: https://www.econbiz.de/10014065534
Governments use tax expenditures to boost investment, innovation and employment. However, these schemes are largely …
Persistent link: https://www.econbiz.de/10011877831