Essays On Firm Behaviors And Performance Under Information Asymmetry And Uncertainty PDF Download
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Author | : HoWook Shin |
Publisher | : |
Total Pages | : 236 |
Release | : 2016 |
Genre | : Consolidation and merger of corporations |
ISBN | : |
Download Essays on Firm Behaviors and Performance Under Information Asymmetry and Uncertainty Book in PDF, ePub and Kindle
This dissertation consists of three essays exploring firm behaviors and performance under information asymmetry and uncertainty. While the first two essays examine investment in firms and divestment by firms respectively by depending on real options theory, the final essay investigates determinants of performance of microenterprises receiving microfinance funds. In the first essay (Chapter 1), I examine the determinants of private investments in firms newly going public through reverse mergers (RMs). Using real options theory, I argue that reverse merger firms (i.e., firms going public through reverse merger) with institutional and industrial backgrounds, indicating a wider distribution of potential future values, will attract larger investments. I further examine how an institutional change reducing the cost of initial public offerings (IPOs), which is the more lucrative alternative to the reverse merger, affects investment in reverse merger firms. I thus argue that the influence of those backgrounds on the investment size in RM firms will be weaker. Using data of reverse mergers in the United States from 2009 to 2014, I found empirical support for my arguments. My second essay (Chapter 2) explores the determinants of foreign subsidiary divestment by multinational corporations (MNCs). I argue that MNCs with higher operational flexibility and/or cultural diversity will be less likely to divest their foreign subsidiaries even if those subsidiaries confront host country economic downturn. Using a panel data of 511 Korean MNCs and event history analysis, I found empirical support for our arguments. In my third essay (Chapter 3), I investigate the determinants of performance improvement of microenterprises receiving microfinance funds. I argue that damage from a natural disaster that increases a microenterprise’s risks of going out of business will provide entrepreneurs with self-control incentives to use microfinance funds effectively. Thus, the entrepreneurs’ self-control incentives will be positively associated with microenterprises’ post-funding performance improvement. I also contend that cash is more effective than in-kind funds in improving microenterprise performance by generating fewer moral hazards. Using a sample of Sri Lankan microenterprises that experienced a tsunami and difference-in-difference estimations, I found empirical support for my arguments.
Author | : Yuri Arenberg |
Publisher | : |
Total Pages | : 109 |
Release | : 1986 |
Genre | : |
ISBN | : |
Download Two Essays on the Firm, Uncertainty, and Economic Behavior Book in PDF, ePub and Kindle
Author | : Ashoka Mody |
Publisher | : |
Total Pages | : 314 |
Release | : 1987 |
Genre | : Corporations |
ISBN | : |
Download Growth of Firms Under Uncertainty Book in PDF, ePub and Kindle
Author | : Kirill Valerievich Zavodov |
Publisher | : |
Total Pages | : |
Release | : 2013 |
Genre | : |
ISBN | : |
Download Essays on Investment Under Uncertainty and Asymmetric Information Book in PDF, ePub and Kindle
Author | : Jeffrey J. Reuer |
Publisher | : Emerald Group Publishing |
Total Pages | : 520 |
Release | : 2007-07-05 |
Genre | : Business & Economics |
ISBN | : 1849504946 |
Download Real Options Theory Book in PDF, ePub and Kindle
Examines the ways in which real options theory can contribute to strategic management. This volume offers conceptual pieces that trace out pathways for the theory to move forward and presents research on the implications of real options for strategic investment, organization, and firm performance.
Author | : Jerome A. Katz |
Publisher | : Emerald Group Publishing |
Total Pages | : 215 |
Release | : 2019-06-19 |
Genre | : Business & Economics |
ISBN | : 1789732638 |
Download Seminal Ideas for the Next Twenty-Five Years of Advances Book in PDF, ePub and Kindle
Seminal Ideas for the Next Twenty-Five Years of Advances is the second of two volumes exploring and celebrating some of the most long-lasting and influential contributions to Advances in Entrepreneurship, Firm Emergence and Growth.
Author | : Inter-American Development Bank |
Publisher | : Springer |
Total Pages | : 366 |
Release | : 2016-07-01 |
Genre | : Business & Economics |
ISBN | : 1349581518 |
Download Firm Innovation and Productivity in Latin America and the Caribbean Book in PDF, ePub and Kindle
This volume uses the study of firm dynamics to investigate the factors preventing faster productivity growth in Latin America and the Caribbean, pushing past the limits of traditional macroeconomic analyses. Each chapter is dedicated to an examination of a different factor affecting firm productivity - innovation, ICT usage, on-the-job-training, firm age, access to credit, and international linkages - highlighting the differences in firm characteristics, behaviors, and strategies. By showcasing this remarkable heterogeneity, this collection challenges regional policymakers to look beyond one-size-fits-all solutions and create balanced policy mixes tailored to distinct firm needs. This book is open access under a CC BY-NC-ND 3.0 IGO license.
Author | : Anol Bhattacherjee |
Publisher | : CreateSpace |
Total Pages | : 156 |
Release | : 2012-04-01 |
Genre | : Science |
ISBN | : 9781475146127 |
Download Social Science Research Book in PDF, ePub and Kindle
This book is designed to introduce doctoral and graduate students to the process of conducting scientific research in the social sciences, business, education, public health, and related disciplines. It is a one-stop, comprehensive, and compact source for foundational concepts in behavioral research, and can serve as a stand-alone text or as a supplement to research readings in any doctoral seminar or research methods class. This book is currently used as a research text at universities on six continents and will shortly be available in nine different languages.
Author | : Ronald J. Burke |
Publisher | : CRC Press |
Total Pages | : 355 |
Release | : 2016-05-13 |
Genre | : Business & Economics |
ISBN | : 1317159462 |
Download Corporate Reputation Book in PDF, ePub and Kindle
Increasing media scrutiny, global coverage and communication via the internet means corporate reputation can be damaged quickly, and failing to successfully address challenges to corporate reputation has consequences. Companies generally suffer almost ten times the financial loss from damaged reputations than from whatever fines may be imposed. According to Ernst & Young, the investment community believes up to 50 per cent of a company's value is intangible - based mostly on corporate reputation. So recognizing potential threats, or anticipating risks, emerges as a critical organizational competence. Organizations can regain lost reputations, but recovery takes a long time. Corporate Reputation contains both academic content along with practical contributions, developed by those serving as consultants or working in organizations in the area of corporate reputation and its management or recovery. It covers: why corporate reputation matters, the increase in reputation loss, threats to corporate reputation, monitoring reputation threats online and offline, the key role of leadership in reputation recovery, and making corporate reputation immune from threats. Any book that is going to do justice to a subject that is so complex and intangible needs imagination, depth and range, and this is exactly what the contributors bring with them.
Author | : |
Publisher | : |
Total Pages | : 594 |
Release | : 2009-10 |
Genre | : Dissertations, Academic |
ISBN | : |
Download Dissertation Abstracts International Book in PDF, ePub and Kindle