Natural resources and capital structure

Tourism And Natural Resources

Ethics and Participation in Natural Resources Protection

Background: Public participation in decisions regarding natural resources is the easiest way to ‎preserve these resources. It seems that having human of conservation ethics of natural resources, ‎has affect on their participation in the preservation of natural resources. This survey research was ‎done to investigate the relationship between conservation ethics of natural resources and ‎particip...

Operating Flexibility and Capital Structure: Evidence from a Natural Experiment∗

This paper provides causal evidence of flexible operating strategies affecting capital structure of firms. I exploit the appealing setting of the European labor market to show that the use of employment contracts that provide firms with a greater operating flexibility in terms of less costly firing promotes debt financing. I build the identification strategy on the exogenous inter-temporal and ...

tourism and natural resources

Capital Taxation, Growth, and Non-renewable Resources

The conventional view within the endogenous growth literature is that interest income taxes impede economic growth and investment subsidies promote economic growth. The present paper lays out a simple framework to see whether this is still true when non-renewable resources enter the ”growth engine” in an essential way. It is not! The framework allows a rich set of determinants of longrun growth...