منابع مشابه
The Relationship between Capital Investment Choice and Capital Productivity: A Test of Firm Life Cycle Theory (A Comparative Investigation of Cyclical and Non-Cyclical Companies)
According to the firm life cycle theory, companies go through certain behavioral patterns in various stages of their life. A thorough understanding and recognition of these behavioral patterns, new investment in assets and the optimal use of assets can considerably enhance the capital productivity. In the current study, the relationship between the stages of firm life cycle and capital producti...
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We examine the effect of financial dependence on the acquisition and investment of singlesegment and conglomerate firms at different stages of the industry life cycle. Conglomerates and single-segment firms differ in acquisition activity more than in the level of capital expenditure across all stages. Financial dependence, a deficit in a segment’s internal financing, decreases the likelihood of...
متن کاملPapillomavirus Life Cycle Organization and Biomarker Selection
Human papillomaviruses (HPVs) are a diverse group of viruses that cause epithelial lesions of varying severity. Of the 100 or so types that have been identified, around 40 can infect the cervix, with a subset of these causing lesions that can progress to high-grade neoplasia and cervical cancer. These high-risk types are prevalent in the general population, and can predispose to the development...
متن کاملHuman Capital Risk in Life Cycle Economies
I study the effect of market incompleteness on the aggregate economy in a model where agents face idiosyncratic, uninsurable human capital investment risk. The environment is a general equilibrium life-cycle model with a version of a Ben-Porath (1967) human capital accumulation technology, modified to incorporate risk. A CARAnormal specification keeps household decisions independent of individu...
متن کاملTrading , Voice and Exit over the Firm ’ s Life Cycle ∗
This paper studies the link between public trading and the activity of a firm’s large shareholder (the insider) whose actions can affect firm value. Public trading results in the formation of a price that is informative about the insider’s activity. This in turn increases the latter’s incentives to engage in value increasing activities. Indeed, if the insider has to liquidate (part of) his stak...
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ژورنال
عنوان ژورنال: Journal of Corporate Finance
سال: 2018
ISSN: 0929-1199
DOI: 10.1016/j.jcorpfin.2017.12.003