Titlebook: Managerial Discretion in Imperfect Markets; T. V. S. Ramamohan Rao Book 2023 The Editor(s) (if applicable) and The Author(s), under exclus

敲诈

自然环境

Multi-product Firms, the sale of their products. Economies of scale and scope, embodied in the technology of the available capital stock, determine the portfolio of the choices. The interrelationships between the demands for the products will also have an effect on such choices. Most of the studies consider the efficie

细微差别

磨碎

Capital Stock and Investment,crease the stock of capital crucially depends on the growth in the sales of the firm, availability of finances, the cost at which different financial instruments are available, and the technological changes in the process of production. Earlier studies on the capital stock decision emphasized only o

能量守恒

Financial Arrangements,ets, the entire debate was whether the financial choices should be left to the management in an implicit contract or coordinated by the shareholders in a governance relationship. Managerial discretion in the choice of the debt–equity ratio has been at the center of the debate. Both the cost of capit

机制

Carveouts and Spinoffs,greement and managerial discretion to allow a spinoff. Even individuals who create an innovation will spin off if the incumbent management does not value it the same way. Finances have a crucial role in such spinoff decisions.

利用

fluoroscopy

reception

Capital Stock and Investment, the resulting notion of managerial discretion pertains to many other dimensions not hitherto mentioned. Thus, this chapter offers a logical transition to a study of financial decisions considered in the chapters that follow.

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