Matches in SemOpenAlex for { <https://semopenalex.org/work/W2239366952> ?p ?o ?g. }
Showing items 1 to 77 of
77
with 100 items per page.
- W2239366952 abstract "This paper studies the optimal behavior of a firm over time that faces the probability ofcausing an environmental disaster by its activities. Here, we can think of explosions in thechemical industry, oil tankers that lose oil, etc. In the static literature, a distinction is madebetween small firms and large firms. Small firms are called undercapitalized in the sensethat the firm cannot pay for the accident because the accidental damage exceeds the value ofthe firm. As soon as this happens, the firm is declared bankrupt. This gives an incentive tospend part of the safety budget on distributing dividends to the shareholders under the motto:pay dividends as long as it is still possible. In this paper, we extend the static framework to a dynamic one. The major reason is tofind out under what circumstances it can be optimal for a small firm to expand in order tobecome a large firm that has the means to fully pay for the damage caused by an environmentalaccident. Admittedly, this paper is only a first step in reaching this goal. Here, wedetermine the optimal safety expenditures and the convergence behavior of long‐run investmentpolicies. Copyright Kluwer Academic Publishers 1999(This abstract was borrowed from another version of this item.)" @default.
- W2239366952 created "2016-06-24" @default.
- W2239366952 creator A5003345289 @default.
- W2239366952 creator A5060987279 @default.
- W2239366952 creator A5087303286 @default.
- W2239366952 date "1999-01-01" @default.
- W2239366952 modified "2023-09-27" @default.
- W2239366952 title "Optimal investment facing possible accidents" @default.
- W2239366952 hasPublicationYear "1999" @default.
- W2239366952 type Work @default.
- W2239366952 sameAs 2239366952 @default.
- W2239366952 citedByCount "0" @default.
- W2239366952 crossrefType "posted-content" @default.
- W2239366952 hasAuthorship W2239366952A5003345289 @default.
- W2239366952 hasAuthorship W2239366952A5060987279 @default.
- W2239366952 hasAuthorship W2239366952A5087303286 @default.
- W2239366952 hasConcept C10138342 @default.
- W2239366952 hasConcept C116168712 @default.
- W2239366952 hasConcept C119857082 @default.
- W2239366952 hasConcept C120757647 @default.
- W2239366952 hasConcept C144133560 @default.
- W2239366952 hasConcept C162324750 @default.
- W2239366952 hasConcept C175444787 @default.
- W2239366952 hasConcept C17744445 @default.
- W2239366952 hasConcept C182306322 @default.
- W2239366952 hasConcept C199539241 @default.
- W2239366952 hasConcept C27548731 @default.
- W2239366952 hasConcept C2776291640 @default.
- W2239366952 hasConcept C29122968 @default.
- W2239366952 hasConcept C39389867 @default.
- W2239366952 hasConcept C40700 @default.
- W2239366952 hasConcept C41008148 @default.
- W2239366952 hasConcept C94625758 @default.
- W2239366952 hasConceptScore W2239366952C10138342 @default.
- W2239366952 hasConceptScore W2239366952C116168712 @default.
- W2239366952 hasConceptScore W2239366952C119857082 @default.
- W2239366952 hasConceptScore W2239366952C120757647 @default.
- W2239366952 hasConceptScore W2239366952C144133560 @default.
- W2239366952 hasConceptScore W2239366952C162324750 @default.
- W2239366952 hasConceptScore W2239366952C175444787 @default.
- W2239366952 hasConceptScore W2239366952C17744445 @default.
- W2239366952 hasConceptScore W2239366952C182306322 @default.
- W2239366952 hasConceptScore W2239366952C199539241 @default.
- W2239366952 hasConceptScore W2239366952C27548731 @default.
- W2239366952 hasConceptScore W2239366952C2776291640 @default.
- W2239366952 hasConceptScore W2239366952C29122968 @default.
- W2239366952 hasConceptScore W2239366952C39389867 @default.
- W2239366952 hasConceptScore W2239366952C40700 @default.
- W2239366952 hasConceptScore W2239366952C41008148 @default.
- W2239366952 hasConceptScore W2239366952C94625758 @default.
- W2239366952 hasLocation W22393669521 @default.
- W2239366952 hasOpenAccess W2239366952 @default.
- W2239366952 hasPrimaryLocation W22393669521 @default.
- W2239366952 hasRelatedWork W1479784424 @default.
- W2239366952 hasRelatedWork W1510784577 @default.
- W2239366952 hasRelatedWork W1524867374 @default.
- W2239366952 hasRelatedWork W1606276338 @default.
- W2239366952 hasRelatedWork W1969356988 @default.
- W2239366952 hasRelatedWork W1986445136 @default.
- W2239366952 hasRelatedWork W2093230780 @default.
- W2239366952 hasRelatedWork W2105089260 @default.
- W2239366952 hasRelatedWork W2128975339 @default.
- W2239366952 hasRelatedWork W2171710825 @default.
- W2239366952 hasRelatedWork W2233091538 @default.
- W2239366952 hasRelatedWork W2351828222 @default.
- W2239366952 hasRelatedWork W2489109786 @default.
- W2239366952 hasRelatedWork W2563854575 @default.
- W2239366952 hasRelatedWork W288574830 @default.
- W2239366952 hasRelatedWork W3023280036 @default.
- W2239366952 hasRelatedWork W3121713900 @default.
- W2239366952 hasRelatedWork W3124754642 @default.
- W2239366952 hasRelatedWork W3148402390 @default.
- W2239366952 hasRelatedWork W645810534 @default.
- W2239366952 isParatext "false" @default.
- W2239366952 isRetracted "false" @default.
- W2239366952 magId "2239366952" @default.
- W2239366952 workType "article" @default.