Transaction costs and the use of cash and credit
β Scribed by S. L. Schreft
- Publisher
- Springer
- Year
- 1992
- Tongue
- English
- Weight
- 869 KB
- Volume
- 2
- Category
- Article
- ISSN
- 0938-2259
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract While both financial and behavioral theories suggest that cash holdings may be beneficial to R&Dβintensive firms, agency theory would suggest that strong monitoring may be needed to ensure that cash holdings are not squandered. We contend that transaction cost economics provides a valua
Transaction costs and institutional rigidities will reduce the attractiveness of the Kyoto Protocol flexibility mechanisms compared to domestic greenhouse gas abatement options. The clean development mechanism (CDM) in particular is likely to entail considerable costs of baseline development, projec