Models of capital investment in industrial organization typically treat bankruptcy as an involuntary and final outcome, yet firms that file under Chapter 11 of the U.S. Bankruptcy Code typically do so voluntarily and with the expectation that they will eventually emerge. Moreover, Chapter 11 permits cancellation or renegotiation of longterm contracts for labor and capital, effectively providing...

Aims: To determine the investment feasibility of evaluating cryptocurrency opportunities as an product under possibility crypto price valuation selection. The study analyzes three indicators: asset returns in unrelated time, selection weights, and forward contract on ARCH-GARCH probability forecasts valuations by individual prices.
 Study Design: Quantitative research.
 Place Duration...

We are grateful to Nicolai Foss for his comment on our article.! Although we do not agree with his argument and consider it to be based on a fundamental misconception, his comment nevertheless raises an important point and gives us the opportunity to clarify our position on the role of institutions in the coordination of investment in a capitalist economy. Foss takes issue with our argument tha...