The Experts below are selected from a list of 264816 Experts worldwide ranked by ideXlab platform
Vijay Yerramilli - One of the best experts on this subject based on the ideXlab platform.
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Uncertainty, Capital Investment, and Risk Management
Management Science, 2018Co-Authors: Hitesh Doshi, Praveen Kumar, Vijay YerramilliAbstract:We use forward-looking and exogenous measures of output price uncertainty to examine the effect of price uncertainty on firm-level Capital Investment, risk management, and debt issuance. The effects of uncertainty vary significantly by firm size. When faced with high price uncertainty, large firms increase their hedging intensity but do not lower Capital Investment or debt issuance. In contrast, small firms do not adjust their hedging intensity but significantly lower Capital expenditure and debt issuance even after controlling for Investment demand. Moreover, the negative effect of uncertainty on Capital Investment is significantly weaker for firms that hedge their output price risk. Our analysis highlights that, in the presence of financial frictions, high price uncertainty has significant dampening effects on Capital Investment of small firms by exacerbating their financial constraints, and that this negative effect is amplified by firm-level constraints on ability to hedge risk exposures. The Internet...
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Uncertainty, Capital Investment, and Risk Management
SSRN Electronic Journal, 2013Co-Authors: Hitesh Doshi, Praveen Kumar, Vijay YerramilliAbstract:We examine the simultaneous effects of uncertainty on firm-level Capital Investment and risk management, using forward-looking and exogenous measures of output price uncertainty. The effect of uncertainty on Capital Investment varies with firms' hedging strategy, and firm size plays a pivotal role in these effects. When faced with high price uncertainty, large firms increase their hedging intensity but do not lower Capital Investment or net debt issuance, whereas small firms do not adjust their hedging intensity but significantly lower Capital expenditure and net debt issuance. Our analysis highlights the importance of considering risk management while examining the uncertainty-Investment relationship.
Li Yang-yong - One of the best experts on this subject based on the ideXlab platform.
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Human Capital Investment Risks and Prevent Control Research Review
Journal of Social Work, 2011Co-Authors: Li Yang-yongAbstract:This paper introduces the human Capital Investment returns,human Capital Investment risks and human Capital Investment risk prevention control of the relevant research results,carding and related research achievements are reviewed.The study of human Capital Investment risk for prevention and control of research and practice and provide basis and reference.
Wang Hao - One of the best experts on this subject based on the ideXlab platform.
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Human Capital Investment and its incentive system
Journal of Nanjing Agricultural University, 2003Co-Authors: Wang HaoAbstract:The features and forms of human Capital Investment are summarized, the traditional doctrines and myths typically expressed as "whoever pays gains" in the field are treated with a grain of salt, a brand-new incentive system of human Capital Investment of "whoever gains pays" is established, which is logically based on the Capital appropriative character of human Capital, the exteriority of human Capital revenue, the risk of human Capital Investment, the burden and control capacity of human Capital investor, and the existing institutional heritage and innovative room as well. Furthermore, the equitableness and effectiveness of human Capital Investment is addressed.
Bret N. Bogenschneider - One of the best experts on this subject based on the ideXlab platform.
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The Tax Paradox of Capital Investment
Social Science Research Network, 2016Co-Authors: Bret N. BogenschneiderAbstract:The historical economic data imply a significant “tax paradox”: Higher-tax nations tend to experience relatively higher rates of economic growth over time. Neoclassical economic theory implies, to the contrary, that lower-tax nations ought to grow faster than high-tax nations since Capital is mobile. However, because new Capital Investment is generally tax deductible, marginal Capital Investment often favors active (i.e., high-growth) Investment for tax deductibility reasons, resulting in a preference for incremental Capital Investment in higher tax nations. ”Tax practitioner” economics is not always consistent with neoclassical economic theory. In this article, the author explains why corruption is disproportionately harmful to economic growth (in short, corruption directly undermines the incentive for re-Investment of Capital, killing active Capital Investment via immediate taxation of profits); explains from a tax practitioner perspective why the Tax Reform Act of 1986 caused a reversal of the “lock-in effect,” resulting in a short-term economic boost; and posits that levying taxes on labor to try to attract “mobile” Capital has the paradoxical effect of a potential reduction in mobile Capital Investment in a given economy.
Hitesh Doshi - One of the best experts on this subject based on the ideXlab platform.
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Uncertainty, Capital Investment, and Risk Management
Management Science, 2018Co-Authors: Hitesh Doshi, Praveen Kumar, Vijay YerramilliAbstract:We use forward-looking and exogenous measures of output price uncertainty to examine the effect of price uncertainty on firm-level Capital Investment, risk management, and debt issuance. The effects of uncertainty vary significantly by firm size. When faced with high price uncertainty, large firms increase their hedging intensity but do not lower Capital Investment or debt issuance. In contrast, small firms do not adjust their hedging intensity but significantly lower Capital expenditure and debt issuance even after controlling for Investment demand. Moreover, the negative effect of uncertainty on Capital Investment is significantly weaker for firms that hedge their output price risk. Our analysis highlights that, in the presence of financial frictions, high price uncertainty has significant dampening effects on Capital Investment of small firms by exacerbating their financial constraints, and that this negative effect is amplified by firm-level constraints on ability to hedge risk exposures. The Internet...
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Uncertainty, Capital Investment, and Risk Management
SSRN Electronic Journal, 2013Co-Authors: Hitesh Doshi, Praveen Kumar, Vijay YerramilliAbstract:We examine the simultaneous effects of uncertainty on firm-level Capital Investment and risk management, using forward-looking and exogenous measures of output price uncertainty. The effect of uncertainty on Capital Investment varies with firms' hedging strategy, and firm size plays a pivotal role in these effects. When faced with high price uncertainty, large firms increase their hedging intensity but do not lower Capital Investment or net debt issuance, whereas small firms do not adjust their hedging intensity but significantly lower Capital expenditure and net debt issuance. Our analysis highlights the importance of considering risk management while examining the uncertainty-Investment relationship.
