Investment And Institutional Uncertainty
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Investment And Institutional Uncertainty
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Author : Aymo Brunetti
language : en
Publisher: World Bank Publications
Release Date : 1997-01-01
Investment And Institutional Uncertainty written by Aymo Brunetti and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997-01-01 with Business & Economics categories.
Looking decades ahead into the future, many informed observers see China moving steadily to the top of the world's economic league. Several sources, including the OECD, forecast that the country will be the world's largest economy by 2020. China's urban economy has been the driving force behind the country's recent trends of accelerated growth. By the same token, deterioration in the urban centers could constrain future growth. The Dynamics of Urban Growth in Three Chinese Cities looks at the interplay between geography, size, and industrial structure that determines the industrial vigor of cities. Their conclusions, abundantly illustrated through the experience of the Chinese cities of Shanghai, Tianjin, and Guangzhou, is that each of these factors must be made to work for the city through effective policymaking. The authors compare these cities with each other in the context of the changes sweeping China's economy, review their history and their reform programs from the early 1980s to the mid-1990s, and examine their infrastructure and human capital. The volume includes maps of the cities and their outlying areas and of China's road and rail system, as well as figures depicting the industrial structure of each city. Published for the World Bank by Oxford University Press.
Investment And Institutional Uncertainty
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Author : Aymo Brunetti
language : en
Publisher:
Release Date : 1997
Investment And Institutional Uncertainty written by Aymo Brunetti and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Country risk categories.
Institutional Investor Protection And Political Uncertainty
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Author : Tingting Liu
language : en
Publisher:
Release Date : 2010
Institutional Investor Protection And Political Uncertainty written by Tingting Liu and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2010 with categories.
Previous literature shows that political uncertainty surrounding elections affects corporate investment decisions. Considering the impact of legal institutions that protect investors, we conjecture that well-functioning institutional investor protection would help smooth the negative impact of political uncertainty on corporate investments. In doing so, we collected a sample in 40 countries from 1981 to 2009. We find that firms reduce investment expenditures in election years, but increase investment expenditures in the following years controlling for firm characteristics and economic conditions. This finding suggests that political uncertainty generates cycles in investment expenditures in election years, which is consistent with previous studies. Moreover, we find that there is a positive relationship between legal investor protection and investment expenditures. In addition, the interaction of legal investor protection and the election dummy is significantly positively related to firms' investments, suggesting that legal investor protection helps smooth the negative effect of political uncertainty on corporate investments during election years. Our results are robust to alternative measures. We also find that corporate investments positively related to cash flows, profitability, growth opportunities, and the overall economic development of a country.
Optimal Institutions Under Persistent Tax Uncertainty
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Author : Victor Peirone
language : en
Publisher:
Release Date : 2022
Optimal Institutions Under Persistent Tax Uncertainty written by Victor Peirone and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
Various economic models ignore the complexity of green field investment and do not assign a fundamental role to institutional uncertainty on the decision making of capital expenditures. These assumptions can be applicable to developed nations, but do not certainly fit into emerging economies. We found that countries with greater volatility in taxation invest less on average. In the Argentine case, this country is among the 1/8 highest tax volatility and lowest investment economies in a sample of ninety nations. Here we explore a tool kit to analyze policies and institutional arrangements to improve pareto optimal outcome.
Investment Under Uncertainty
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Author : Robert K. Dixit
language : en
Publisher: Princeton University Press
Release Date : 2012-07-14
Investment Under Uncertainty written by Robert K. Dixit and has been published by Princeton University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-14 with Business & Economics categories.
How should firms decide whether and when to invest in new capital equipment, additions to their workforce, or the development of new products? Why have traditional economic models of investment failed to explain the behavior of investment spending in the United States and other countries? In this book, Avinash Dixit and Robert Pindyck provide the first detailed exposition of a new theoretical approach to the capital investment decisions of firms, stressing the irreversibility of most investment decisions, and the ongoing uncertainty of the economic environment in which these decisions are made. In so doing, they answer important questions about investment decisions and the behavior of investment spending. This new approach to investment recognizes the option value of waiting for better (but never complete) information. It exploits an analogy with the theory of options in financial markets, which permits a much richer dynamic framework than was possible with the traditional theory of investment. The authors present the new theory in a clear and systematic way, and consolidate, synthesize, and extend the various strands of research that have come out of the theory. Their book shows the importance of the theory for understanding investment behavior of firms; develops the implications of this theory for industry dynamics and for government policy concerning investment; and shows how the theory can be applied to specific industries and to a wide variety of business problems.
Credibility Of Rules And Economic Growth
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Author : Aymo Brunetti
language : en
Publisher: World Bank Publications
Release Date : 1997
Credibility Of Rules And Economic Growth written by Aymo Brunetti and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Crecimiento economico categories.
Investment Decisions Under Uncertainty
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Author : Sunanda Sen
language : en
Publisher:
Release Date : 2018
Investment Decisions Under Uncertainty written by Sunanda Sen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018 with Institutional economics categories.
Institutional Investors In Global Markets
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Author : Gordon L. Clark
language : en
Publisher: Oxford University Press
Release Date : 2017
Institutional Investors In Global Markets written by Gordon L. Clark and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017 with Biography & Autobiography categories.
This book is about what institutional investors do, how they do it, and when and where they do it; it is about the production of investment returns in the global economy. Being a book about the production process, it also tackles some of the key issues found in the academic literature on the theory of the firm.
Capital And Uncertainty
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Author : Ian Charles Runge
language : en
Publisher: Edward Elgar Publishing
Release Date : 2000
Capital And Uncertainty written by Ian Charles Runge and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
Analyzes capital investment as a process in which an individual, entrepreneur, or organization comes to understand "value" before making a choice. Runge, an economist and mining engineer based in Australia, maintains that subjective value and uncertainty inform investment decision-making far more than the calculus of simple neoclassical choice suggests. His model of the capital investment process within a firm analyzes uncertainty and where it translates into risk. Runge sets out theories and tools for choosing between alternatives with differing risk and return profiles. His model provides a framework for decision-making that can lead to choices with lower overall risk, higher returns, and increased value. Annotation copyrighted by Book News Inc., Portland, OR
The Era Of Uncertainty
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Author : Francois Trahan
language : en
Publisher: John Wiley & Sons
Release Date : 2011-07-13
The Era Of Uncertainty written by Francois Trahan and has been published by John Wiley & Sons this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-13 with Business & Economics categories.
Macroeconomic Investment Strategies for an Era of Economic Uncertainty “Over the years, François’ insightful analyses of the business cycle has led to market calls that have both benefitted investors on the upside and (more important to many) protected them from losses on the downside. François’ incredible track record in successfully interpreting the trends that can be found in leading indicators and other macroeconomic data have also led to his well deserved reputation as an expert in sector rotation - providing investors on both the long and short side of the market opportunities to profit from his ideas. In my opinion, his most important and influential macro prediction to date was his call in the middle of the last decade when he predicted that the worst housing crisis in American history would soon be upon us, and that it would have far-ranging implications for both the global economy and world financial markets.”
