PL EN


Preferencje help
Widoczny [Schowaj] Abstrakt
Liczba wyników
2006 | nr 15 Metody formalne w teorii gier, teorii wzrostu i ekonomii finansowej | 61-69
Tytuł artykułu

Interaction of Strategic Decizions Made by Firms under Uncertainty

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
In the paper we consider an approach to the analysis of interactions between het-erogeneous strategic decisions which is based on contribution these decisions make to the change of firm's survival level. To prove this hypothesis, we use two conceptions developed in recent literature - of "competing risks" as a way of explaining how risks of heterogeneous firm's decisions are composed, and of "survival level" defined as a low boundary in adopting strategies that allow the firm to avoid losses. The expected results drawn from this analysis are compared with evidence presented in existing literature. (original abstract)
Twórcy
Bibliografia
  • Addison, J., Portugal, P. (2001), Unemployment Duration: Competing and Defective Risks, IZA Discussion Paper No.350.
  • Brander, J., Lewis, T. (1986), Oligopoly and Finance Structure, American Economic Review, vol. 76 (5).
  • Chang, F. R. (2002), A Theory of Health Investment Under Competing Mortality Risks, CESifo Working Paper No.669 (10).
  • Chevalier, J. (1995), Do LBO Supermarkets Charge More? An Empirical Analysis of the Effects ofLBOs on Supermarket Pricing, Journal of Finance, Vol. 50 (4).
  • Dolton, P., O'Neill, D. (1996), Unemployment Duration and the Restart Effect: Some Experimental Evidence, The Economic Journal, Vol. 106, No. 435.
  • Flehinger, B., Reiser, B., Yashchin E. (1998), Survival with Competing Risks and Masked Causes of Failures, Biometrica, Vol. 85, No.l.
  • Fournier, G., Zuehlke, Th. W. (1996), The Timing of Out-of Court Settlement, The RAND Journal of Economics, Vol. 27, No.2.
  • Houston A. I., McNamara J. M. (1999), Models of Adaptive Behaviour. An Approach Based on State, Cambridge University Press, 1999.
  • Katila, R. (2005), Dynamics of Industry and Innovation: Organizations, Networks and Systems, DRUID Tenth Anniversary Summer Conference 2005.
  • Kovenock, D., Phillips, G. (1995), Capital Structure andProduct-Market Rivalry: How Do We Reconcile Theory and Evidence?, American Economic Review, Vol. 85 (2).
  • Kovenock, D., Phillips, G. (1997), Capital Structure and Product-Market Behaviour: an Examination of Plant Exit and Investment Decisions, Review of finance studies, Vol. 10 (3).
  • McFarland, D. J. (1971), Feedback Mechanisms in Animal Behaviour, London, Academic Press.
  • Mealli, F., Pudney, S., Thomas, J. (1996), Training Duration and Post-Training Outcomes: A Duration-Limited Competing Risks Model, The Economic Journal, Vol. 106, No. 435.
  • Opler, T., Titman, S. (1994), Financial Distress and Corporate Performance, Journal of Finance, vol. XLIX, No.3.
  • Phillips, G. (1995), Increased Debt and Industry Product Markets. An Empirical Analysis, Journal of Financial Economics, Vol. 37 (2).
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171220871
JavaScript jest wyłączony w Twojej przeglądarce internetowej. Włącz go, a następnie odśwież stronę, aby móc w pełni z niej korzystać.