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Zimbalist calls the world capital argument "idiotic".
Our results confirm that job tenure and switching industries are important, which supports the firm- and industry-specific capital argument.
One informant among this group assessed the CCAAC's use of the government preferred "human capital argument" as being too cooperative and conciliatory.
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Two potential indirect transmission mechanisms based on human capital arguments are considered: schooling and life expectancy.
This is but one reason why Aurelius Capital's argument can't be right, no matter how clever and seemingly plausible it is in the abstract.
If management needs new capital, the argument goes, they should raise it from external capital markets, where they have to make their case for whether and how what they plan to do with that capital is value-creating.
Capital flight arguments do not make sense to Carl Weinberg, chief economist at the consulting firm High Frequency Economics, based in New York, who cannot understand why foreign investors would flee China, given still-steady renminbi appreciation and risks elsewhere.
In the case of underdeveloped countries with primitive capital markets, this argument might be valid.
You could argue that that is all they are entitled to, since they have loaded up with debt and thus reduced their cost of capital.' The argument will continue throughout the summer.
Tris Lumley at New Philanthropy Capital disagrees: The argument that Edwards presents is dangerous, because while it's based on some sound principles, it's also often used as an excuse to cover up charities not achieving real change for the people they claim to represent.
18 This is also related to the human capital non-transferability argument made by Cohen-Goldner and Paserman (2011).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com