Research ΓΏnds that ΓΏrms' investment and dividend policies are distorted by irreversibility and ΓΏnance constraints. Existing work considers the impact of each such friction in isolation. Using a real options framework, I explain how the investment and payout decisions interact over time when irrevers
Exporting, capital investment and financial constraints
β Scribed by Vlad Manole; Mariana Spatareanu
- Publisher
- Springer-Verlag
- Year
- 2010
- Tongue
- English
- Weight
- 218 KB
- Volume
- 146
- Category
- Article
- ISSN
- 1610-2878
No coin nor oath required. For personal study only.
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