Corporate Finance, Innovation, and Strategic Competition

Corporate Finance, Innovation, and Strategic Competition PDF Author: Cornelia Neff
Publisher: Springer Science & Business Media
ISBN: 3642556906
Category : Business & Economics
Languages : en
Pages : 230

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Book Description
This book analyzes how corporate finance decisions influence strategic competition and innovation of firms in the product market. We consider bank loan financing and venture capital financing. Due to assymetric information, firms must sign special contracts with banks or venture capitalists. The financial contracts, in turn, determine the competitive strategies of firms in the product market. Firms compete in prices for market shares. In addition to that, firms invest in R&D in order to induce product or process innovation. We show that better access to financial resources improves a firm's market position and leads to a higher rate of innovation. Cash-rich firms may even decide to prey upon financially restricted rivals in order to prevent new market entry or to induce market exit.

Corporate Finance, Innovation, and Strategic Competition

Corporate Finance, Innovation, and Strategic Competition PDF Author: Cornelia Neff
Publisher: Springer Science & Business Media
ISBN: 3642556906
Category : Business & Economics
Languages : en
Pages : 230

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Book Description
This book analyzes how corporate finance decisions influence strategic competition and innovation of firms in the product market. We consider bank loan financing and venture capital financing. Due to assymetric information, firms must sign special contracts with banks or venture capitalists. The financial contracts, in turn, determine the competitive strategies of firms in the product market. Firms compete in prices for market shares. In addition to that, firms invest in R&D in order to induce product or process innovation. We show that better access to financial resources improves a firm's market position and leads to a higher rate of innovation. Cash-rich firms may even decide to prey upon financially restricted rivals in order to prevent new market entry or to induce market exit.

Managing Health Care Business Strategy

Managing Health Care Business Strategy PDF Author: George B. Moseley III
Publisher: Jones & Bartlett Learning
ISBN: 1284081109
Category : Medical
Languages : en
Pages : 447

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Book Description
Managing Health Care Business Strategy is the definitive textbook on strategic planning and management for healthcare organizations. It offers all the basic information on strategic planning and management within the unique context of organizations concerned with the delivery and financing of health care. It does this by noting the singular strategic environment in health care, explaining the special procedures and options available to health care organizations, and providing real-life examples in the form of case studies. It includes not only a description of the basic multi-step process of creating and then managing a strategic plan, but also a detailed look at the role played by the key business functions (finance, marketing, human resources, information technology, and law) as well as specific strategic options (merger/acquisition, reorganization, joint venture) and some of the popular tools for analyzing strategic situations (balanced scorecard, Six Sigma, SWOT).

ECIE 2018 13th European Conference on Innovation and Entrepreneurship

ECIE 2018 13th European Conference on Innovation and Entrepreneurship PDF Author: Professor Carlos Costa
Publisher: Academic Conferences and publishing limited
ISBN: 1911218980
Category : Entrepreneurship
Languages : en
Pages : 1107

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Book Description


ECIE 2021 16th European Conference on Innovation and Entrepreneurship Vol 1

ECIE 2021 16th European Conference on Innovation and Entrepreneurship Vol 1 PDF Author: Dr Florinda Matos
Publisher: Academic Conferences limited
ISBN: 1914587103
Category : Business & Economics
Languages : en
Pages :

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Book Description
These proceedings represent the work of contributors to the 16th European Conference on Innovation and Entrepreneurship (ECIE 2021), hosted by ISCTE Business School, Instituto Universitário de Lisboa, Portugal on 16-17 September 2021. The Conference Chair is Dr. Florinda Matos and the Programme Co-Chairs are Prof Maria de Fátima Ferreiro, Prof Álvaro Rosoi and Prof Isabel Salavisa all from Instituto Universitário de Lisboa, Portugal. ECIE is a well-established event on the academic research calendar and now in its 16th year, the key aim remains the opportunity for participants to share ideas and meet the people who hold them. The conference was due to be held at Instituto Universitário de Lisboa, Portugal, but due to the global Covid-19 pandemic it was moved online to be held as a virtual event. The scope of papers will ensure an interesting two days. The subjects covered illustrate the wide range of topics that fall into this important and ever-growing area of research. The keynote presentation is given by Soumodip Sarkar, Vice-Rector, from University of Évora, Portugal on the topic of Social Intelligence. The second day of the conference will open with an address by Professor Vittorio Loreto, Sapienza University of Rome, Italy, who will talk about Exploring the adjacent possible: play, anticipation, surprise.

ECIE 2020 15th European Conference on Innovation and Entrepreneurship

ECIE 2020 15th European Conference on Innovation and Entrepreneurship PDF Author: Prof. Alessandro De Nisco
Publisher: Academic Conferences limited
ISBN: 1912764687
Category : Business & Economics
Languages : en
Pages : 986

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Book Description
The European Conference on Innovation and Entrepreneurship has been running now for 15 years. This event has been held in Italy, Northern Ireland, France, Belgium, Portugal, and Finland to mention some of the countries who have hosted it. The conference is generally attended by participants from more than 40 countries and attracts an interesting combination of academic scholars, practitioners and individuals who are engaged in various aspects of innovation and entrepreneurship teaching and research. The 16th European Conference on Innovation and Entrepreneurship will be hosted by Instituto Universitário de Lisboa (ISCTE), Portugal and the Conference Chair will be Florinda Matos

Introduction to Stochastic Calculus for Finance

Introduction to Stochastic Calculus for Finance PDF Author: Dieter Sondermann
Publisher: Springer Science & Business Media
ISBN: 3540348379
Category : Business & Economics
Languages : en
Pages : 144

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Book Description
Although there are many textbooks on stochastic calculus applied to finance, this volume earns its place with a pedagogical approach. The text presents a quick (but by no means "dirty") road to the tools required for advanced finance in continuous time, including option pricing by martingale methods, term structure models in a HJM-framework and the Libor market model. The reader should be familiar with elementary real analysis and basic probability theory.

A Structural Framework for the Pricing of Corporate Securities

A Structural Framework for the Pricing of Corporate Securities PDF Author: Michael Genser
Publisher: Springer Science & Business Media
ISBN: 3540286853
Category : Business & Economics
Languages : en
Pages : 199

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Book Description
A treatment of structural credit risk models for simultaneous and consistent pricing of corporate securities. This book takes us from the economic principles of firm value models to the empirical implementation, through the development of an economic framework. It provides exposition of corporate securities pricing for academics and practitioners.

Equity Financing and Covenants in Venture Capital

Equity Financing and Covenants in Venture Capital PDF Author: Karoline Jung-Senssfelder
Publisher: Springer Science & Business Media
ISBN: 3835091883
Category : Business & Economics
Languages : en
Pages : 301

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Book Description
Karoline Jung-Senssfelder presents the first augmented contracting analysis, focusing on the interaction of both, financial instruments and covenants, in the creation of incentives to the contracting parties. With a focus on the German market, she integrates the findings of her model-based theoretical and survey-based empirical analyses to derive value-adding implications for an incentive-compatible contract design in the German venture capital market.

Corporate Finance: Tools for Managing Financial Resources

Corporate Finance: Tools for Managing Financial Resources PDF Author: Cybellium
Publisher: Cybellium
ISBN: 183679035X
Category : Business & Economics
Languages : en
Pages : 268

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Book Description
Welcome to the forefront of knowledge with Cybellium, your trusted partner in mastering the cutting-edge fields of IT, Artificial Intelligence, Cyber Security, Business, Economics and Science. Designed for professionals, students, and enthusiasts alike, our comprehensive books empower you to stay ahead in a rapidly evolving digital world. * Expert Insights: Our books provide deep, actionable insights that bridge the gap between theory and practical application. * Up-to-Date Content: Stay current with the latest advancements, trends, and best practices in IT, Al, Cybersecurity, Business, Economics and Science. Each guide is regularly updated to reflect the newest developments and challenges. * Comprehensive Coverage: Whether you're a beginner or an advanced learner, Cybellium books cover a wide range of topics, from foundational principles to specialized knowledge, tailored to your level of expertise. Become part of a global network of learners and professionals who trust Cybellium to guide their educational journey. www.cybellium.com

Strategic Trading in Illiquid Markets

Strategic Trading in Illiquid Markets PDF Author: Burkart Mönch
Publisher: Springer Science & Business Media
ISBN: 3540263152
Category : Business & Economics
Languages : en
Pages : 130

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Book Description
The Area of Research and the Object of Investigation In this thesis we will investigate trading strategies in illiquid markets from a market microstructure perspective. Market microstructure is the academic term for the branch of financial economics that investigates trading and the organization of security markets, see, e. g. , Harris (2002). Historically, exchanges evolved as a location, where those interested in buy ing or selling securities could meet physically to transact. Thus, traditionally security trading was organized on exchange floors, where so-called dealers arranged all trades and provided liquidity by quoting prices at which they were willing buy or sell. Consequently, the initial surge of the market mi crostructure literature focused predominantly on this type of market design, which is often referred to as quote-driven. Nowadays, the interest is shifting towards order-driven markets. Beginning with the Toronto Stock Exchange in the mid 1970s and increasing in fre quency and scope, this market structure has emerged as the preeminent form of security trading worldwide. In order-driven markets, exchanges arrange trades by matching public orders, often by employing automatic execution systems. Introduction A major difference between a quote-driven and an order-driven market arises from the transparency pre- and post-trade. The pre-trade transparency con cerns the question whether the order book is visible to the keeper only, or whether it is open to the public.