Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
Results
Showing 1 to 12 of 12 for “"overinvestment"”.
-
Studies in Income, Investment, and Stock Returns: The Permanent Income Hypothesis and the Overinvestment Puzzle
… investment and stock returns as negative due to overinvestment concerns, that is, the market initially under reacts to the possibility of overinvestment. This paper is the first full-scale empirical study that finds a positive relationship between corporate investment and stock returns if the …
-
An electrophysiological investigation into the influence of affect on the attentional blink
… Olivers and Nieuwenhuis (2005) proposed an overinvestment hypothesis where P A was said to reduce overinvestment of attentional resources in TI and distractors, leaving more resources for T2. In the present study, P3, CNV, and average activation on distracter-only trials were used to measure …
-
Impact of A Company Location on Financing Efficiency
… efficiency, resulting in underinvestment/overinvestment.
-
Analysis and modeling of Spain's power sector in order to define the best incentive policies for achieving an optimum energy mix
… at a specific moment in time. This way, under or overinvestment in specific technologies can be avoided. This issue has been a cause of concern in Spain, where for example, because of erratic incentive policies a huge overinvestment in solar PV power happened between 2008 and 2009, which entailed …
-
Essays on reverse leveraged buy-outs
… ownership concentration suggest the existence of overinvestment. </p> <p>Increased leverage in the private period leads to significant declines in free cash flow and capital expenditures, while ownership concentration increases, which I contend incentivizes management to avoid overinvestment. I …
-
Essays on Competition, Innovation, and Public Policy
… distribution of profits can mitigate social overinvestment in the initial and follow-on technologies. Chapter 2 analyzes the effect of a grant-back clause on incentives to innovate in accordance with the attributes of innovation: severable (non-infringing) and non-severable (infringing). It …
-
ESSAYS IN EMPIRICAL CORPORATE FINANCE
… than for private benefits related to overinvestment. Overall, my paper highlights the impact of CEO leadership styles on shareholder wealth. Chapter 2 examines significant family ownership in publicly listed U.S. firms. Instead of holding a diversified portfolio, family owners, such as …
-
Three Essays In Finance
… benefits reduces both underinvestment and overinvestment in R&D projects. If shareholder protection rises from the weakest to the strongest, R&D investment will increase by up to 96% for firms that may underinvest, but will decrease by as large as 84% for firms which may overinvest. …
-
The General Steam Navigation Company c.1850-1913: a business history
… connections with the original directors, overinvestment following substantial capital increases in 1874 and 1877 presented problems in the more challenging business environment of the late nineteenth century, leading to shareholder unrest and the near collapse of the Company. Financial …
-
Contributions to Long-Term Electricity System Expansion Planning Through the Systematic Treatment of Data Uncertainty and Operational Assumptions
… more reliable creates an additional risk of overinvestment in storage if the existing capacity is not considered when modelling electricity system expansion. The implications of this are important, not only to the planning of the South African electricity system, but also to long-term …
-
Cash dividend policy and firm risk : UK evidence
… cause information asymmetry problems caused by overinvestment issues to escalate. In this instance, firms expel their excess cash flows rather than investing them in suboptimal projects that will increase unsystematic risk. In parallel, the small percentage of ownership by institutions and …
-
Managing Uncertainty in Capacity Investment, Revenue Management, and Supply Chain Coordination
… when, in fact, it is multiplicative, may lead to overinvestment. On the other hand, while the concept of a growth in market size leads to similar conclusions under both additive and multiplicative demand shocks, how market risk affects the optimal capacity decision depends critically on the form …