I document the time-varying investment efficiency of conglomerates compared with single-segment firms. find that, during recessions, have higher Q-sensitivity than do stand-alone firms, in contrast to relationship expansion periods. also that conglomerates, benefits from internal capital markets, exhibit increased dependence on recessionary periods, while firms significantly increase cash reten...

In 1981, Paris and Wilkie [28] indicated it was an open question whether IΣ0 would satisfy the Second Incompleteness Theorem for Herbrand deduction. We will show that some specially formulated axiomizations for IΣ0 can evade the Herbrandized version of the Second Incompleteness Theorem.

Purpose. Analysis of the advantages and disadvantages indicators internal rate return modified as criteria for effectiveness an investment project. Methodology. The mathematical graphic apparatus studying functions dependencies between economic characteristics future financial production activities entrepreneurial activity was used in process analysis most important Findings. criterion are stud...

Investment efficiency shows how well a company invests its assets. Although institutional shareholders play undeniable roles in companies, it is not clear whether they are able to monitor managers and make investment decisions or not. This study gives answers stakeholders, addresses concerns about the effect of owners on efficiency, aims add literature emerging markets by investigating relation...