An International Comparison of Investment Behavior as a Key to the Time Horizons of American Industry PDF Download

Author: Warren E. Farb
Publisher:
ISBN:
Category :
Languages : en
Pages : 64

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Author: United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs
Publisher:
ISBN:
Category : Capital investments
Languages : en
Pages : 220

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Author: Neva R. Goodwin
Publisher: University of Michigan Press
ISBN: 9780472106400
Category : Business & Economics
Languages : en
Pages : 344

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Explores how society can learn to care about the future

Author: United States. Congress. Senate. Committee on the Judiciary
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 244

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Author: John H. Friedland
Publisher: Bloomsbury Publishing USA
ISBN: 0313008604
Category : Business & Economics
Languages : en
Pages : 216

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Book Description
The major themes of financial regulation in the U.S., the EEC, and Japan are discussed in four interwoven, but independent, essays. The central focus is the protection of the financial system by insuring prudential rules against systemic risks, particularly through promoting capital adequacy by international and national agreement and with due consideration to the distinction between the banking and securities business. The work concludes with the assertion that international harmonization of regulation is necessary for the long-run efficiency of financial markets.

Author: National Academy of Engineering
Publisher: National Academies Press
ISBN: 0309046475
Category : Political Science
Languages : en
Pages : 119

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It is frequently argued that U.S. corporations have shorter time horizons for planning and investment than their Japanese and German competitors. This argument, though widely accepted in studies of U.S. competitiveness, has rarely been examined in depth. Time Horizons and Technology Investments explores the evidence that some U.S. corporations consistently select projects biased toward short-term return and addresses factors influencing the time-related preferences of U.S. corporate managers in selecting projects for investment. It makes recommendations to policymakers and managers about policies to mitigate negative external influences and about strategies to remove internal biases toward noncompetitive decisions.

Author: Robert B. Costello
Publisher:
ISBN:
Category : Competition
Languages : en
Pages : 148

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Author: United States. Congress. House. Committee on Ways and Means
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 1116

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Author: David Lawrence Souder
Publisher:
ISBN:
Category : Cable television
Languages : en
Pages : 432

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"An important managerial challenge is choosing the payoff horizon for strategic investments, since projects with long run benefits have immediate costs that reduce short run profits. My dissertation draws from the behavioral theory of the firm and agency theory to explain differences in payoff horizon choices between firms, based on performance relative to aspirations, incentive compensation, and external market pressure. I also test the intuition that long horizon investments have a positive impact on long run performance. The business model for cable operators during its programming variety phase from 1972-1996 offers a quasi-experimental setting ideally suited for research into these issues. Like public utilities, local cable companies are natural monopolies with single providers in each market. Unlike electricity, heat, or water service, however, there is neither a mandate for universal service nor municipal financing for capital investments. Furthermore, the distribution technology of microwave and, later, satellite eliminate the need for single firms to serve contiguous geographic regions, and the industry's pre-1972 history as a broadcast retransmission service contributed to a particularly disparate pattern of geographic expansion. As a result, cable operators during the research period do not compete with each other for market share among customers, but they do compete over future growth through their choice of investments. These investments have varying payoff horizons. In testing predictions about which firms pursue longer or shorter payoff horizons, I use simultaneous equation techniques. To assess the impact of short- and long-horizon investments on ex post performance, I use dynamic panel modeling that allows the direction and significance of investment choices to be interpreted at different lag lengths. What makes firms choose different payoff horizons? Are longer horizon investments associated with higher eventual performance, as conventional wisdom suggests? The first question is central to understanding firm strategy, while the second is crucial for evaluating that strategy. By addressing both, my dissertation generates corporate governance implications and insight into the value-creation potential of longer payoff horizons. In addition, it analyzes the causes and effects of the wide heterogeneity of firm strategies observed in the partially regulated and monopolistic cable industry"--Http://www.cablecenter.org/education/awards/2006GrantWinner.cfm (as viewed on 08/18/08)

Author: Benjamin J. Cohen
Publisher: MIT Press
ISBN: 9780262531603
Category : Business & Economics
Languages : en
Pages : 398

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Book Description
This is the second of two anthologies on international political economy drawn from articles published in the journal International Organization. The book is organized into four sections: Trade, Multinational Firms and Globalization, Money and Finance, and Emerging Issues.