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(3) Should the fact that roads are thought to be critical to Indonesia's development influence the choice of financing mechanisms?
The purpose of this paper is to show how this empirical regularity could be solved by an appropriate choice of financing instruments, namely, by an intelligent mix of common stocks and put options.
These authors have shown that the choice of financing enterprises follows a hierarchical order which has as a primary purpose the maximization of the wealth of the existing shareholders while avoiding the costs related to the asymmetry of information and to the adverse selection.
We examine how the choice of financing strategy is affected by entrepreneurial types (life-style, serial and pure profit-maximizing entrepreneur).
In theory, derivatives, securitisation and a choice of financing should spread risk, increase the financial sector's resilience and reduce the economic damage from a shock.
In fact, the choice of financing of Tunisian businesses confirms the greatest explanatory power of an analysis based on the existence of a debt ratio target.
Similar(52)
At the local level, where tax-exempt municipal bonds are the tool of choice for financing public works, officials are not generally focused on the intricacies of bond pricing.
Another key test would be the choice of finance minister and central-bank governor.
Mr Mugabe's choice of finance minister to succeed Tendai Biti, the MDC's secretary-general, will be a first clue.
But the influence will be marginal: all mainstream parties share an aversion to fiscal laxity.More interesting will be Mr Sipila's choice of finance minister.
A key indication of how Rousseff, an economist by training, plans to turn this around will be her choice of finance minister.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com