Results 191 to 200 of about 14,040 (237)

Why Has China Overinvested in Coal Power?

The Energy Journal, 2021
In spite of ambitious investments by the Chinese government in renewable energy sources, the country’s investment in coal power accelerated in recent years, raising concerns of massive overcapacity and undermining the central policy goal of promoting cleaner energy.
Ren, M, Branstetter, LG, Kovak, BK, Armanios, DE, Yuan, J   +4 more
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Overinvestment in College Training?

The Journal of Human Resources, 1980
When producers are uncertain or have imperfect information about the profitability of adopting new technology, their adoption behavior depends on the endowment of human capital and the investment in adoption information.
Eli Schwartz, Robert Thornton
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Pyramidal Discounts: Tunneling or Overinvestment?

SSRN Electronic Journal, 2005
ABSTRACTSwedish families exploit the strong separation between ownership and control in pyramiding to establish control over several firms' internal cash flows via a very small capital investment. We establish that the discounts on the portfolio firms at the bottom of the pyramid as well as pyramid holding company are directly linked to costs from ...
Martin Holmén, Peter Högfeldt
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Which Takeover Targets Overinvest?

The Journal of Financial and Quantitative Analysis, 1996
Existing research finds little evidence of overinvestment by successfully acquired targets. This paper shows how samples drawn from completed takeovers are biased against finding overinvestment and documents evidence of overinvestment in targets that use a highly lever? aged transaction to avoid a takeover.
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Overinvestment and fraud

Journal of Mathematical Economics, 2008
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Do Takeover Targets Overinvest?

Review of Financial Studies, 1994
I examine the capital expenditures of a sample of 700 takeover targets and firms that went private over the period 1972-1987. For the complete sample, I do not find evidence that takeover targets increase their capital expenditures over the four-year period before the acquisition or that they overinvest in capital expenditures relative to several ...
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Overinvestment in College Training?

The Journal of Human Resources, 1975
The college job market underwent an unprecedented downturn in the 1 970s when the earnings of graduates relative to other workers, the rate of return to investing in higher education, and employment opportunities dropped sharply, especially for new graduates.
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Underinvestment or/and Overinvestment?

2012
In Chapter 4 we highlighted the potential for market failure in allocating fixed capital, one reason being the difficulty of investment decision-making under uncertainty. That argument in itself may not be enough to convince doubters of the case for a negative bias to capital investment. It may for example reasonably be claimed that the ‘animal spirits’
Ciaran Driver, Paul Temple
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Buildings and Budgets: The Overinvestment Crisis

Change: The Magazine of Higher Learning, 1978
Over the last ten years, American colleges and universities have spent over $400 billion on their physical plants despite the fact that student enrollments have continued to decline. The increase in maintenance and energy costs has caused a financial strain, forcing cutbacks in vital ingredients of education: research, course offerings, student ...
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Managerial Private Benefits and Overinvestment

Emerging Markets Finance and Trade, 2014
According to agency theory, we hypothesize that underpayment of top management motivates management to overinvest. Using a sample of Chinese-listed companies for the period 2005-10, we assess the effect of managerial compensation on overinvestment and the effect of overinvestment on managerial private benefits, including future compensation and ...
Zhan Lei, Cai Mingchao, Yaoyao Wang, Jing Yu   +3 more
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