Organizations that exhibit an entrepreneurial orientation tend to engage in risk-taking behavior, including incurring debt and making large resource commitments with the expectation of high return (Lumpkin and Dess 1996).
But Mr. Clinton suggested that Vice President Al Gore best understood how to keep the current prosperity going and he made clear his preference for paying down the debt rather than making large cuts in taxes.
The country is scheduled to make large foreign-debt repayments next year and has been counting on tourism revenues to help provide the cash.
That leaves unconventional tools such as explicit promises to keep rates down for a long time, buying more government debt, making larger, longer-term loans to banks and buying foreign exchange.These things are harder to do in practice than in theory.
But while markets were booming, the incentives on Wall Street were to keep chasing profits by trading more and more sophisticated securities, piling on more debt and making larger and larger bets.
From the analysis undertaken for the World Health Report of 2011, "it is clear that some countries need to increase their own investments in health either through reallocation within their own general budgets or by making larger claims on their funds from debt relief which are to be preferentially allocated to social spending" [ 22].
American Wilbur Ross, senior managing director at Rothschild Inc. in New York and known as the deanof distressed-debt investors, has already made large profits buying Asian debt at steep discounts and selling it on at narrower spreads.
Drawn from a European fund for financial emergencies, the money will enable Athens to make a large debt payment due to the European Central Bank on Monday as well as make good on two missed payments to the International Monetary Fund.
But traders were also spooked by a report Greece might impose a retrospective capital gains tax on foreign bond-buyers, who have made large profits on Greek debt.
The sovereign wealth fund, the Public Investment Fund (PIF), makes large allocations to U.S. debt and equity markets, and in privately held stakes in many U.S. technology firms and investment funds dedicated to infrastructure.
