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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)
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61-69
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autor
Bibliografia
- Addison, J., Portugal, P. (2001), Unemployment Duration: Competing and Defective Risks, IZA Discussion Paper No.350.
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- Fournier, G., Zuehlke, Th. W. (1996), The Timing of Out-of Court Settlement, The RAND Journal of Economics, Vol. 27, No.2.
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- 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.
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Typ dokumentu
Bibliografia
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