Financing behavior, based on the financing decision made by the owner of urban rail transit projects, will directly affect the capital cost of its operation and the construction schedule of the project. This paper intended to combine financing demand and financing options with the project construction schedule, quality and investment management, and based on DEMATEL methodology, to identify and...

The first annual meeting of Deputy Governors from the emerging markets took place at the BIS in February 1995. It had as its central focus the challenge to central banks (and supervisors) as countries moved towards a more liberal banking system in the context of wider capital account convertibility. There was at that meeting a common sense of unease about short-term capital flows, a good deal o...

Optimal working capital management can positively effect on the Firm performance, but this relationship can be affected by major characteristics of the firm, making an important subject for research. This research investigates the moderating role of firm characteristics on the relation between working capital management and financial performance of the firms listed in TSE during 2008 – 2017 per...

In this paper we analyze the conditions under which a foreign direct investment (FDI) involves a net capital flow across countries. Frequently, foreign direct investment is financed in the host country without an international capital movement. We develop a model in which the optimal choice of financing an international investment trades off the relative costs and benefits associated with the a...

A theoretical model examines real investment decisions during bankruptcy reorganization and the closing distribution of property rights over capital structure to creditors and equityholders. Estate value is uncertain. Risky real investment levels in firm technology are endogenous and subject to financing constraints with interest rates sensitive to the probability of default and expected credit...

Optimal Accumulation in an Endogenous Growth Setting with Human Capital This paper considers a three-overlapping-generations model of endogenous growth wherein human capital is the engine of growth. It first contrasts the laissez-faire and the optimal solutions. Three possible accumulation regimes are distinguished. Then it discusses a standard set of tax-transfer instruments that allow for dec...