منابع مشابه
Capital Market Imperfections, High-Tech Investment, and New Equity Financing*
Highly variable returns, asymmetric information and a lack of collateral should cause small high-tech firms to have poor access to debt. New equity financing has several advantages over debt, but may be costly compared to internal finance. We examine an unbalanced panel of over 2,400 publicly traded United States high-tech companies over the period 1981 to 1998. Most small high-tech firms obtai...
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This article shows that investors financing a portfolio of projects may use the depth of their financial pockets to overcome entrepreneurial incentive problems. Competition for scarce informed capital at the refinancing stage strengthens investors’ bargaining positions. And yet, entrepreneurs’ incentives may be improved, because projects funded by investors with ‘‘shallow pockets’’ must have no...
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The existence of various financial instruments in the securities market increases the motivation and participation of the people in financing long-term economic activities. There are different ways to finance business activities that different organizations can use to finance them. Therefore, the purpose of this study is to investigate new financing tools and implementation strategies in Islami...
متن کاملIs the Expansion of High-Tech Leaders Possible Within the New EU Members? A Case Study of Ammono S.A. and the High-Tech Financing System in Poland
Innovations, especially technological, are considered key-drivers for sustainable economic growth and competitiveness in the globalised world. As such they should also play an important role in the process of economical convergence inside the EU. Unfortunately, the problem of insufficient innovation performance concerns around half of the EU countries. Poland shows that a lack of a consistent h...
متن کاملHigh Tech versus Low Tech Training
The United States Marine Corps has some of the most advanced weapons systems and training in the world, yet they make extensive use of “low tech” training tools. Sand table exercises and tactical decision games are used by Marines all over the world, at sea and on land. Although the U.S. Department of Defense has a nearly $18 billion annual training budget, the Marines choose to teach decision ...
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ژورنال
عنوان ژورنال: International Journal of Financial Research
سال: 2020
ISSN: 1923-4031,1923-4023
DOI: 10.5430/ijfr.v11n6p177