Underinvestment and Expropriation
نویسندگان
چکیده
منابع مشابه
Expropriation risk and technology
This paper develops a unified framework to analyze the dynamics of firm investment in countries with poor legal enforcement. The firm’s technology edge over the government generates endogenous property rights. Industry variation in the technology gap predicts a sectoral pecking-order of expropriations. Long-run investment distortions may be Pareto superior relative to persistent investment at t...
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ژورنال
عنوان ژورنال: Journal of Stock & Forex Trading
سال: 2013
ISSN: 2168-9458
DOI: 10.4172/2168-9458.1000107