The relation between a firm’s stock return and its intangible investment ratio and asset tangibility is derived under the intangible-asset-augemnted (IAA) q-theory framework. Using firm level data and the Generalized Method of Moments (GMM), we estimate the model and three main results emerge. First, the IAA q-theory captures the value premium and the relation between R&D intensity and stock re...

For a variety of tax, accounting, and economic reasons, leasing has become an enormously popular method of financing the acquisition of capital assets. In particular, for power generation assets, the use of leasing products (including synthetic and leveraged leases) has grown substantially in recent years. However, the long-lived nature of most power generation assets, together with their often...

Given the advent and spread of carbon assets, as well as the rapid development of financial markets and transactions related with them, this paper intends to achieve the objective of categorizing these phenomena and describing their main characteristics, in such a way that it can be used as a reference by those professionals and scholars who are interested in the fighting climate change through...

This paper is concerned with what the state buys and in particular the decision to shift from conventional government purchase and ownership of assets toward public-private partnerships, i.e. purchase of final services, leaving the private sector supplier to design, build and own the assets. The approach emphasizes the information and contractual nature of the problem, rather than residual cont...

The paper outlines a new pluralistic method for analyzing, assessing and improving corporate governance structures in their traits relevant both for financial and for human capital providers. The framework seeks to enlarge the rather universalistic approach to governance structures ‘ranking’ used in the economic (principal-agent) approach, introducing sensitiveness to some relevant contingencie...

In developed economies, production requires not only such traditional factors as capital and labor but also skills, organizational structures and processes, culture, and other factors collectively referred to as " intangible assets. " Detailed investigation of some of these types of assets has found that they are often large in magnitude and have important productivity benefits. For example, Da...

Crystal structures are invaluable assets in the rational design of targeted cancer therapeutics. In this Select, we highlight a few recent structures of cancer-therapeutic targets cocrystallized with novel or known inhibitors. These studies provide insights into the biological function of these proteins, explain the molecular mechanisms of inhibitors, and pave the way for the rational design of...

Using canonical correlation analysis, this study examined the interdependencies in investing and financing decisions of restaurant firms. The results indicated that the similar four crossbalance sheet interdependencies exist in the restaurant industry as identified by previous studies for different industries and companies in various countries: (1) maturity matching structure of assets and liab...