𝔖 Bobbio Scriptorium
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Innovation and investment under financial constraints and product market competition

✍ Scribed by Boris Maurer


Book ID
117361211
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
142 KB
Volume
17
Category
Article
ISSN
0167-7187

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Investment and dividends under irreversi
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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