Investment irreversibility and finance constraints
Article Abstract:
The study views the investment practices of firms in the context of investment irreversibility and dividend payout restrictions. The survey of U.K. corporations reveal the Q model to exhibit acceptable results when it is not limited by the two restrictions. The said restrictions account for the empirical significance of financial variables for the remainder of the respondent corporations.
Publication Name: Oxford Bulletin of Economics & Statistics
Subject: Economics
ISSN: 0305-9049
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Factor price uncertainty, technology choice and investment delay
Article Abstract:
An investment theory on eputty-clayE technology i.e. technology characterized by initial flexibility in the scale and use of inputs, but less flexible after irreversible capital investments have been made is described under factor price uncertainty by using a Brownian motion framework.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2005
User Contributions:
Comment about this article or add new information about this topic:
Investment and dividends under irreversibility and financial constraints
Article Abstract:
The investment and dividend policy are examined under the joint effect of financial constraints and irreversibility. A unified theoretical analysis of the dynamic results of the constraints is provided.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Fairness as a constraint on profit seeking: comment. Expectations, taxes, and interest: reply. Expectations, taxes, and interest: comment
- Abstracts: Building a new organization for nature conservation. Organizing for innovation: technology and intelligent capacities
- Abstracts: Diplomatic barriers to trade. Trade uncertainty and the two-step procedure: the choice of numeraire and exact indexation
- Abstracts: Endogenous quality choice: price vs. quantity competition. Quality choice in models of vertical differentiation
- Abstracts: Non-linearities and equivalence scales. The ultimatum game and the law of demand. Universal decentralisation: a demand system for collective and unitary models with household public goods