Spillovers, investment incentives and the property rights theory of the firm
Article Abstract:
A study examining the manager's relationship-specific investment that can be partially collected back by the owner, even if the firm fails is presented. The study examines the impact of such investment on the investments of non owners. According to property rights theory, non-owners may end up holding devalued investments. However, this investment is rarely fully lost.
Publisher: Blackwell Publishers Ltd.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 2004
Financial management, Capital funds & cash flow, Venture Analysis, Analysis, Investments, Business enterprises, Valuation, Investor relations, Right of property, Property rights
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
Competition and long-run productivity growth in the UK and US tobacco industries, 1879-1939
Article Abstract:
The importance of productivity and the deleterious effect of monopolistic competition are examined in the operations of the US and UK tobacco industries from 1879-1939.
Publisher: Blackwell Publishers Ltd.
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 2003
United States, Production management, History, Tobacco industry
Publication Name: Journal of Industrial Economics
Subject: Economics
ISSN: 0022-1821
Year: 2003
User Contributions:
Comment about this article or add new information about this topic:
Subjects list: United Kingdom
Similar abstracts:
- Abstracts: Sovereign credit spreads and the composition of the government budget. Deindustrialization and Changes in Manufacturing Trade: Factor Content Calculations for 1978-1995
- Abstracts: Vertical enclosure: vertical integration and the reluctance to purchase from a competitor. Affiliation, integration, and information: ownership incentives and industry structure
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.