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FDI facilitates linkages between the domestic and overseas networks, allowing an investor to internalize some technical and managerial assets within its organization while gaining access to a pool of external resources.
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"Whenever you have a managerial family running assets that are not part of the publicly traded cable assets, especially if they are comparable assets," Mr. Moran said, "the question is why they are not in the public company".
Corporate hedging adds value to the firm by lowering the project's risk and accordingly diminishing agency costs which arise from the managerial incentive of asset substitution.
He is trying to turn his low-key managerial style into an asset.
Indeed, he has done worse: Feinberg's formidable intellect and concrete managerial experience are more valuable assets than Jared Kushner's prep-school-and-real-estate background or Steve Bannon's theories of pseudo-history.
The firm compensates this disadvantage through gains stemming from its intangible assets (brand, technology, managerial practices).
"If the network on which the token or coin is to function is sufficiently decentralized — where purchasers would no longer reasonably expect a person or group to carry out essential managerial or entrepreneurial efforts — the assets may not represent an investment contract.
Were intangibles measured properly, the current-account deficit might be smaller, since America exports lots of managerial know-how and other intangible assets.
Option pricing theory offers a supplement to the NPV method, considering in addition managerial flexibility in making decisions regarding the real assets of the firm.
Unfortunately, best practices espouse neoliberal managerial techniques, notably the rationalisation of technicians as system assets to be used for the fulfilment of short-term objectives.
Managerial governance occurs in firms that depend primarily on capital-intensive assets suggesting external ownership of the firm.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com