Dynamic Policies Of The Firm

Author : Onno van Hilten,Peter M. Kort,Paul J.J.M.van Loon
Publisher : Springer Science & Business Media
Page : 439 pages
File Size : 47,9 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642778841

Get Book

Dynamic Policies of the Firm by Onno van Hilten,Peter M. Kort,Paul J.J.M.van Loon Pdf

In this book we open our insights in the Theory of the Firm, obtained through the application of Optimal Control Theory, to a public of scholars and advanced students in economics and applied mathematics. We walk on the micro economic side of the street that is bordered by Theory of the Firm on one side and by Optimal Control Theory on the other, keeping the reader away from all the dead end roads we turned down during our 10 years lasting research. We focus attention on the expressiveness and variety of insights that are obtained through studying only simple models of the firm. In this book mathematics is our tool, insight in optimal corporate policy our goal. Therefore most of the mathematics and calculations is put into appendices and in the main text all attention is on modelling corporate behaviour and on analysing the results of the calculations. So, the main text focusses on micro economics, even more specific: on Theory of the Firm. In that way this book is contrasted from such famous text books in applied Optimal Control with a much broader portfolio of applications, like Feichtinger & Hartl (1986) or with a more rigorous introduction into theory, like Seierstad & Sydsaeter (1987).

Author : Peter M. Kort
Publisher : Springer Science & Business Media
Page : 196 pages
File Size : 41,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642489044

Get Book

Optimal Dynamic Investment Policies of a Value Maximizing Firm by Peter M. Kort Pdf

1.1. Scope of the Book This book is a contribution to the area of "dynamic models of the firm". The motivation for this kind of research is the following: Empirical studies (e.g. Albach (1976)) have shown that the development of the firm over time can be divided into different stages. such as growth. stationarity and contraction. In order to understand and evaluate these stages in a proper way. it is important to develop a suitable theoretical framework. To that end. economists have applied dynamic mathematical techniques. such as optimal control theory. calculus of variations and dynamic programming to design and analyse dynamic models of the firm. In this way. the economic theory of the firm is extended to a dynamic context. Within the field of the dynamics of the firm this book - develops a general investment decision rule. based on the concept "net present value of marginal investment". which is applicable in deterministic dynamic models of the firm; - studies the influence of adjustment costs of investment on optimal dynamic firm behavior; - extends the stochastic dynamic theory of the firm by connecting it with a dynamic version of the Capital Asset Pricing Model. Before elaborating on "the dynamics of the firm". we first review the subject of net present value in the classical analysis.

Author : Onno Van Hilten,Peter M Kort,Paul J J M Van Loon
Publisher : Unknown
Page : 464 pages
File Size : 43,5 Mb
Release : 1992-12-14
Category : Electronic
ISBN : 3642778852

Get Book

Dynamic Policies of the Firm by Onno Van Hilten,Peter M Kort,Paul J J M Van Loon Pdf

Author : Mark W.J. Blok,A.T. Kearney
Publisher : Springer Science & Business Media
Page : 199 pages
File Size : 45,7 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642484018

Get Book

Dynamic Models of the Firm by Mark W.J. Blok,A.T. Kearney Pdf

This book contributes to the scientific field of optimal control theory applied to dynamic models of the firm. It discusses optimal investment, financing and production policies of the firm, that have to deal with a variety of aspects, such as financial constraints, start-up costs, business cycles, increasing returns to scale, production life cycles and experience curves. In contrast to many other publications on this subject, here, in combination with an analytical approach, the dynamic optimization problems are solved numerically with the aid of a powerful computer and specific programs for optimizing non-linear functions of a finite number of variables and non-linear constraints.

Author : John Groenewegen
Publisher : Edward Elgar Publishing
Page : 200 pages
File Size : 43,5 Mb
Release : 1993
Category : Business & Economics
ISBN : UOM:39015029085894

Get Book

Dynamics of the Firm by John Groenewegen Pdf

In interaction with their environment, firms change constantly; in trying to reduce uncertainties, they influence both their markets and the wider socio-political environment. Dynamics of the Firm addresses theoretical, empirical and policy issues concerned with the changing structure of firms. This book seeks to develop a theory of the dynamics of the firm which contrasts with the neoclassical view of the firm as a static production function in a world of given technology and institutions. Papers discussing new institutional theories of the firm in relation to sociological approaches, in which power and trust play an important role, are followed by contributions which focus on empirical issues such as pricing strategies, industrial groups and networking. The public policy implications are discussed extensively. Offering an original analysis of the organizational structures of firms operating in changing environments, this volume of essays by a distinguished group of economists will be welcomed by students, teachers and researchers in the areas of industrial organization and organizational economics.

Author : Paul van Loon
Publisher : Springer Science & Business Media
Page : 202 pages
File Size : 42,6 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642464829

Get Book

A Dynamic Theory of the Firm: Production, Finance and Investment by Paul van Loon Pdf

This volume is the final result of the research project ''Micro growth model", that was sponsored by the Central Research Pool of Tilburg University, the Netherlands. Apart from the University Council for this important financial support, I owe Prof. Dr. Fiet Verheyen very much for the way in which he introduced me into scientific circles and for the way in which he supervised and stimulated my work. Dr. Jan de Jong and Peter Janssen C. E. , Technical University of Eindhoven, piloted me safely through the mathe matics of optimal control theory and removed some technical barriers. Their help was indispensable for the success of this project. I would also like to mention the kind support of Prof. Dr. Jack Kleijnen, who gave me many valuable hints on how to present the results of this project. In this way I was able to contact with several resear chers inside and outside the Netherlands. Most grateful I am to Prof. Dr. Charles Tapiero, Jerusalem University, who commented on important parts of this book in a constructive way and who suggested many subjects for further research. Also Mr. Geert Jan vsn Schijndel, Tilburg University, should be mentioned here, because he closely read the work and I appreciated his remarks and corrections very much. Many collea gues have contributed to the results of this research project in a direct or indirect way. Especially I should like to mention my contacts with Prof. Dr.

Author : Anna Ferragina,Erol Taymaz,Kamil Yilmaz
Publisher : Routledge
Page : 405 pages
File Size : 48,6 Mb
Release : 2014-03-14
Category : Business & Economics
ISBN : 9781317810230

Get Book

Innovation, Globalization and Firm Dynamics by Anna Ferragina,Erol Taymaz,Kamil Yilmaz Pdf

This book is about the relationship between firm dynamics, innovation and globalization, the processes that are essential for long term economic growth and welfare creation. This volume deals with these three issues in three sections titled respectively: entrepreneurship, new firm formation and growth; productivity-innovation-growthnexus; globalization, multinational firms and producers’ dynamics. The book presents new studies written by distinguished researchers in the field, who use state-of-the-art methodologies and extensive sources of firm- and plant-level longitudinal data to analyze and understand these major economic issues facing modern economies. In the first section, the book proposes two comprehensive introductory surveys which explore in detail the underpinnings of entrepreneurship, new firm formation and growth in advanced and developing countries. The second fundamental issue, productivity-innovation and firm dynamics, is approached by examining key drivers of selection mechanisms such as size, scale elasticity, innovative efforts, financial fragility of the firms, barriers to entry and exit, capital and financial market distortions, institutional inefficiencies and other market imperfections which affect the ability of firms to expand or enter. The third section examines differences, linkages and intertwined evolution of foreign and domestic firms in their dynamics of survival and growth in different institutional contexts and periods. Each chapter includes a detailed discussion of the implications of the respective analyses for enterprise policy. In a concluding chapter the overall implications for enterprise policy of the analyses presented in the different chapters are drawn by the Editors. This approach ensures that the book is integrated around a coherent central theme in comprehensive framework. The book responds to a growing concern among scholars, professionals, and policy makers over the recent decades about firm ability to survive and compete in a context of increasing globalization and international competition. The approach adopted is both theoretical and empirical with consideration of paradigmatic case studies in Europe, Africa and Asia, providing new evidence on developed, developing and transition economies in a comparative perspective. The cases selected represent different levels of development, different firms strategies and paths, with distinct outcomes. The book is an essential reading for scholars and students concerned with industry development, public policy and globalization, as well as to all those involved professionally in such issues.

Author : Geert-Jan C.T.van Schijndel
Publisher : Springer Science & Business Media
Page : 224 pages
File Size : 50,8 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642466373

Get Book

Dynamic Firm and Investor Behaviour under Progressive Personal Taxation by Geert-Jan C.T.van Schijndel Pdf

This book aims to include the effects of a progressive personal tax into the deterministic dynamic theory of the firm. To this end the author investigates the impact of a progressive personal tax on the optimal dividend, financing and investment policy of a shareholder-controlled, value-maximising firm. More specifically, the principal aim is the justification of the thesis that during each stage of their evolution, firms will be controlled by investors in different tax brackets. With this aim in mind, the author develops a dynamic equilibrium and portfolio theory under certainty, which considers: - the market value of an arbitrary firm such that no excess demand for or supply of shares exists, - the portfolio selection of differently taxed investors, - the succession of differently taxed investors, who possess the shares of any value-maximizing firm, in the course of time, - the optimal resulting policy string and corresponding evolution of a firm in the course of time.

Author : Ndubisi, Nelson Oly
Publisher : IGI Global
Page : 508 pages
File Size : 44,8 Mb
Release : 2013-02-28
Category : Business & Economics
ISBN : 9781466629530

Get Book

Enterprise Development in SMEs and Entrepreneurial Firms: Dynamic Processes by Ndubisi, Nelson Oly Pdf

In order to increase the economic opportunities available, enterprise development plays a crucial role in the progression of socio-economic development for small and medium enterprises. Enterprise Development in SMEs and Entrepreneurial Firms: Dynamic Processes explores the process of enterprise development and its reconstruction of entrepreneurial identities, critical competencies as well as market turnaround for SMEs. This book aims to be a critical resource in the understanding of enterprise strategies adopted and lessons learned for management development. It is a successful resource for students, researchers and professionals interested in the growth SMEs.

Author : Mario A. Maggioni
Publisher : Springer Science & Business Media
Page : 250 pages
File Size : 51,5 Mb
Release : 2012-12-06
Category : Business & Economics
ISBN : 9783642574801

Get Book

Clustering Dynamics and the Location of High-Tech-Firms by Mario A. Maggioni Pdf

Across a line drawn from New York to Los Angeles, the level of cconomi

Author : Mustafa Kenan ERKAN
Publisher : Efe Akademi Yayınları
Page : 129 pages
File Size : 54,8 Mb
Release : 2023-12-29
Category : Social Science
ISBN : 9786256600775

Get Book

FIRM GROWTH DYNAMICS by Mustafa Kenan ERKAN Pdf

Bu kitapta büyüme performansını etkileyen faktörler Türkiye'nin en büyük 1. ve 2. 500 şirketi araştırması kapsamında İstanbul Sanayi Odası tarafından yayımlanan şirketler araştırıldı. Bu çalışma, firmanın temel dinamiklerini belirlemeyi amaçlamaktadır.

Author : Yetkiner, I. Hakan
Publisher : IGI Global
Page : 441 pages
File Size : 41,9 Mb
Release : 2012-08-31
Category : Technology & Engineering
ISBN : 9781466619791

Get Book

Industrial Dynamics, Innovation Policy, and Economic Growth through Technological Advancements by Yetkiner, I. Hakan Pdf

"This book examines the nature of the process of technological change in different sectors of various countries, analyzing the impact of innovation as well as research and development activities on different outcomes in different fields and assessing the design and impact of policies aimed at enhancing innovation in organizations"--Provided by publisher.

Author : Shengjun Zhu,John Pickles,Canfei He
Publisher : Springer
Page : 206 pages
File Size : 52,7 Mb
Release : 2017-01-07
Category : Science
ISBN : 9783662536018

Get Book

Geographical Dynamics and Firm Spatial Strategy in China by Shengjun Zhu,John Pickles,Canfei He Pdf

This book offers the first detailed account of the complex geographical dynamics currently restructuring China’s export-oriented industries. The topics covered are relevant to post-socialist geography, development studies, economics, economic sociology and international studies. It offers academics, international researchers, postgraduate and advanced undergraduate students in these fields an accessible, grounded, yet theoretically sophisticated account of the geographies of global production networks, value chains, and regional development in developing countries and emerging economies. It is of particular interest to economic geographers and economic sociologists involved in the growing debates over local clusters, embeddedness, global sourcing and global production, and over the global value chain/global production network. It also appeals to national policymakers, since it directly addresses economic and industrial policy issues, such as industrial competitiveness, regional and national development, industrial and employment restructuring and trade regulation.

Author : OECD
Publisher : OECD Publishing
Page : 152 pages
File Size : 42,7 Mb
Release : 2017-12-05
Category : Electronic
ISBN : 9789264286764

Get Book

The Geography of Firm Dynamics: Measuring Business Demography for Regional Development by OECD Pdf

The Geography of Firm Dynamics provides methods and data to measure and analyse the creation and destruction of businesses across OECD regions.

Author : Jerome Ellig
Publisher : Cambridge University Press
Page : 298 pages
File Size : 55,6 Mb
Release : 2001-04-23
Category : Business & Economics
ISBN : 0521782503

Get Book

Dynamic Competition and Public Policy by Jerome Ellig Pdf

Scholars explore antitrust issues as these relate to dynamic industry competition and public policy.