Production, Process Investment and the Survival of Debt Financed Startup Firms

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Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Production, Process Investment and the Survival of Debt Financed Startup Firms by : Fehmi Tanrisever

Download or read book Production, Process Investment and the Survival of Debt Financed Startup Firms written by Fehmi Tanrisever and published by . This book was released on 2014 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Whether to invest in process development that can reduce the unit cost and thereby raise future profits or to conserve cash and reduce the likelihood of bankruptcy is a key concern faced by many startups firms that have taken on debt. We explore this concern by examining the production quantity and cost-reducing R&D investment decisions in a two period model. A startup firm must make a minimum level of profits at the end of the first period to survive and continue operating in the second period. We show that under a base case, with deterministic demand, such a startup should produce the monopoly quantity and use an invest-all-or-nothing investment policy. However, under stochastic demand and allied survival constraint, the optimal investment policy does not necessarily have an all-or-nothing character. We establish conditions for creating hedges through either aggressive or conservative investment alternatives. If the startup makes a “conservative” investment decision, it sacrifices some first period expected profits to increase its survival chances and chooses an optimal quantity less than the monopoly quantity. Further, if the startup decides to invest “aggressively”, then it produces more than the monopoly quantity to cover the higher bankruptcy risk due to such aggressive investment.

The Routledge Companion to Production and Operations Management

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Publisher : Routledge
ISBN 13 : 1317419235
Total Pages : 1264 pages
Book Rating : 4.3/5 (174 download)

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Book Synopsis The Routledge Companion to Production and Operations Management by : Martin K. Starr

Download or read book The Routledge Companion to Production and Operations Management written by Martin K. Starr and published by Routledge. This book was released on 2017-03-27 with total page 1264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This remarkable volume highlights the importance of Production and Operations Management (POM) as a field of study and research contributing to substantial business and social growth. The editors emphasize how POM works with a range of systems—agriculture, disaster management, e-commerce, healthcare, hospitality, military systems, not-for-profit, retail, sports, sustainability, telecommunications, and transport—and how it contributes to the growth of each. Martin K. Starr and Sushil K. Gupta gather an international team of experts to provide researchers and students with a panoramic vision of the field. Divided into eight parts, the book presents the history of POM, and establishes the foundation upon which POM has been built while also revisiting and revitalizing topics that have long been essential. It examines the significance of processes and projects to the fundamental growth of the POM field. Critical emerging themes and new research are examined with open minds and this is followed by opportunities to interface with other business functions. Finally, the next era is discussed in ways that combine practical skill with philosophy in its analysis of POM, including traditional and nontraditional applications, before concluding with the editors’ thoughts on the future of the discipline. Students of POM will find this a comprehensive, definitive resource on the state of the discipline and its future directions.

Investment in Startups and Small Business Financing

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Publisher :
ISBN 13 : 9789811235818
Total Pages : 0 pages
Book Rating : 4.2/5 (358 download)

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Book Synopsis Investment in Startups and Small Business Financing by : Farhad Taghizadeh-Hesary

Download or read book Investment in Startups and Small Business Financing written by Farhad Taghizadeh-Hesary and published by . This book was released on 2021-07-26 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Successful startups and small businesses can play a significant role in economic growth and job creation. They also contribute to economic dynamism by spurring innovation and injecting competition. Startups are known to introduce new products and services that can create new value in the economy. It is notable that most startups exit within their first ten years, and most surviving young businesses do not grow but remain small. Startups and small businesses face several obstacles to their development. Accessing capital is a crucial constraint on their growth. Most startups and small businesses have difficulties getting the funds they need because of their lack of a performance track record and lack of collateral, making it difficult for lenders or investors to assess their risk. Besides, they are in the early stages of development and face a very high possibility of failure, which significantly raises financing and investment risk.Investment in Startups and Small Business Financing provides 12 thematic and case studies on new methods for bringing private investment (loans or equity) to startups and easing small businesses' access to finance (debt and capital). The contributors are senior-level policy experts and researchers from governments, think tanks, academia, and international organizations. The chapters are authored in a policy-oriented way to be understandable for the readers with a different background. This book is a precious source for the governments for adopting the right policies to develop small businesses and startups and valuable for the researchers in economics, business, and finance.

The ROI of Pricing

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Publisher : Routledge
ISBN 13 : 1135051828
Total Pages : 236 pages
Book Rating : 4.1/5 (35 download)

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Book Synopsis The ROI of Pricing by : Stephan Liozu

Download or read book The ROI of Pricing written by Stephan Liozu and published by Routledge. This book was released on 2014-01-24 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: As with executives and managers in so many other business functions, pricing specialists are being challenged more and more to substantiate the added value of their activities. Pricing is a core function of every business, and needs not only to contribute positively to short- and long-term results, but also to document its impact to the bottom line. A fundamental part of this is the pricing ROI calculations. This book, edited by globally renowned thought leaders Andreas Hinterhuber and Stephan Liozu, is the first to outline contemporary theories and best practices of documenting pricing ROI. It provides proven methods, practices and theories on how to calculate the impact of pricing activities on performance. Marketing ROI is now a common concept: this collection proves to do the same for pricing. Hinterhuber & Liozu introduce the concept of pricing ROI, documenting and quantifying the return on pricing activities and on the pricing function itself is of increasing relevance today and in the future – in times of budget constraints. 20 world class specialists explore the concept of pricing ROI under both a theoretical perspective and a managerial perspective to shed much-needed light on how to measure and increase pricing ROI. This groundbreaking book will enlighten students and specialists of marketing and sales, pricing managers and executives alike.

Debt Financing, Survival, and Growth of Start-Up Firms

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Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.:/5 (13 download)

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Book Synopsis Debt Financing, Survival, and Growth of Start-Up Firms by : Rebel A. Cole

Download or read book Debt Financing, Survival, and Growth of Start-Up Firms written by Rebel A. Cole and published by . This book was released on 2017 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: We analyze the relation between different forms of debt financing at the firm's start-up and subsequent firm outcomes. We distinguish between business debt, obtained in the name of the firm, and personal debt, obtained in the name of the firm's owner and used to finance the start-up firm. Start-up firms with better performance prospects are more likely to use debt and, in particular, business debt. Compared to all-equity firms, firms using debt at the initial year of operations are significantly more likely to survive and achieve higher levels of revenue three years after the firm's start-up. However, results hold for business debt only. Debt obtained in the name of the firm is associated with longer survival time and higher revenues, while debt obtained in the name of the firm's owner has no effect on survival time and is associated with lower revenues.

Issues in Technology Theory, Research, and Application: 2013 Edition

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Publisher : ScholarlyEditions
ISBN 13 : 1490113509
Total Pages : 1886 pages
Book Rating : 4.4/5 (91 download)

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Book Synopsis Issues in Technology Theory, Research, and Application: 2013 Edition by :

Download or read book Issues in Technology Theory, Research, and Application: 2013 Edition written by and published by ScholarlyEditions. This book was released on 2013-05-01 with total page 1886 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues in Technology Theory, Research, and Application: 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Ocean Technology. The editors have built Issues in Technology Theory, Research, and Application: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Ocean Technology in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in Technology Theory, Research, and Application: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.

Financing SMEs and Entrepreneurs 2016 An OECD Scoreboard

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Publisher : OECD Publishing
ISBN 13 : 9264249486
Total Pages : 494 pages
Book Rating : 4.2/5 (642 download)

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Book Synopsis Financing SMEs and Entrepreneurs 2016 An OECD Scoreboard by : OECD

Download or read book Financing SMEs and Entrepreneurs 2016 An OECD Scoreboard written by OECD and published by OECD Publishing. This book was released on 2016-04-14 with total page 494 pages. Available in PDF, EPUB and Kindle. Book excerpt: This report monitors SME and entrepreneur access to finance in 37 countries.

The SME Financing Gap: Theory and evidence

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Publisher : OECD Publishing
ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis The SME Financing Gap: Theory and evidence by :

Download or read book The SME Financing Gap: Theory and evidence written by and published by OECD Publishing. This book was released on 2006 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt: The lack of funding available from the financial sector for small and medium-sized enterprises (SMEs) is known as the financing gap. This report analyzes this gap for both credit and equity financing and seeks to determine how prevalent such a gap may be, both among OECD countries and non-OECD economies, and recommends measures to foster an improved flow of financing to SMEs and entrepreneurs. A significant number of entrepreneurs and SMEs could use funds productively if they were available, but are often denied access to financing. This impedes their creation and growth. The "financing gap" was the subject of the OECD Global Conference on "Better Financing for Entrepreneurship and SME Growth", held in Brasilia, Brazil in March 2006. Vol. 2 presents a synthesis of the Conference discussions on the credit and equity financing gaps, as well as on private equity definitions and measurements. It also offers a selection of papers given by some of the key stakeholders (SMEs, government and financial institutions) confronting these issues.--Publisher's description.

Venture Capital and the Finance of Innovation

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Publisher : John Wiley and Sons
ISBN 13 : 1118137884
Total Pages : 1153 pages
Book Rating : 4.1/5 (181 download)

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Book Synopsis Venture Capital and the Finance of Innovation by : Andrew Metrick

Download or read book Venture Capital and the Finance of Innovation written by Andrew Metrick and published by John Wiley and Sons. This book was released on 2011-06-15 with total page 1153 pages. Available in PDF, EPUB and Kindle. Book excerpt: This useful guide walks venture capitalists through the principles of finance and the financial models that underlie venture capital decisions. It presents a new unified treatment of investment decision making and mark-to-market valuation. The discussions of risk-return and cost-of-capital calculations have been updated with the latest information. The most current industry data is included to demonstrate large changes in venture capital investments since 1999. The coverage of the real-options methodology has also been streamlined and includes new connections to venture capital valuation. In addition, venture capitalists will find revised information on the reality-check valuation model to allow for greater flexibility in growth assumptions.

The COVID-19 Impact on Corporate Leverage and Financial Fragility

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Publisher : International Monetary Fund
ISBN 13 : 1589064127
Total Pages : 51 pages
Book Rating : 4.5/5 (89 download)

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Book Synopsis The COVID-19 Impact on Corporate Leverage and Financial Fragility by : Sharjil M. Haque

Download or read book The COVID-19 Impact on Corporate Leverage and Financial Fragility written by Sharjil M. Haque and published by International Monetary Fund. This book was released on 2021-11-05 with total page 51 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the impact of the COVID-19 recession on capital structure of publicly listed U.S. firms. Our estimates suggest leverage (Net Debt/Asset) decreased by 5.3 percentage points from the pre-shock mean of 19.6 percent, while debt maturity increased moderately. This de-leveraging effect is stronger for firms exposed to significant rollover risk, while firms whose businesses were most vulnerable to social distancing did not reduce leverage. We rationalize our evidence through a structural model of firm value that shows lower expected growth rate and higher volatility of cash flows following COVID-19 reduced optimal levels of corporate leverage. Model-implied optimal leverage indicates firms which did not de-lever became over-leveraged. We find default probability deteriorates most in large, over-leveraged firms and those that were stressed pre-COVID. Additional stress tests predict value of these firms will be less than one standard deviation away from default if cash flows decline by 20 percent.

Handbook of the Economics of Finance

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Publisher : Elsevier
ISBN 13 : 9780444513632
Total Pages : 698 pages
Book Rating : 4.5/5 (136 download)

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Book Synopsis Handbook of the Economics of Finance by : G. Constantinides

Download or read book Handbook of the Economics of Finance written by G. Constantinides and published by Elsevier. This book was released on 2003-11-04 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arbitrage, State Prices and Portfolio Theory / Philip h. Dybvig and Stephen a. Ross / - Intertemporal Asset Pricing Theory / Darrell Duffle / - Tests of Multifactor Pricing Models, Volatility Bounds and Portfolio Performance / Wayne E. Ferson / - Consumption-Based Asset Pricing / John y Campbell / - The Equity Premium in Retrospect / Rainish Mehra and Edward c. Prescott / - Anomalies and Market Efficiency / William Schwert / - Are Financial Assets Priced Locally or Globally? / G. Andrew Karolyi and Rene M. Stuli / - Microstructure and Asset Pricing / David Easley and Maureen O'hara / - A Survey of Behavioral Finance / Nicholas Barberis and Richard Thaler / - Derivatives / Robert E. Whaley / - Fixed-Income Pricing / Qiang Dai and Kenneth J. Singleton.

Organizations Evolving

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Publisher : SAGE
ISBN 13 : 1849202087
Total Pages : 345 pages
Book Rating : 4.8/5 (492 download)

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Book Synopsis Organizations Evolving by : Howard E Aldrich

Download or read book Organizations Evolving written by Howard E Aldrich and published by SAGE. This book was released on 2006-02-03 with total page 345 pages. Available in PDF, EPUB and Kindle. Book excerpt: `Howard Aldrich and Martin Ruef's tour de force shows us how the evolutionary approach can explain change not only in organizational populations, but within sectors and within organizations. Aldrich and Ruef display an astonishing command of the management literature, using vivid illustrations from cutting edge research to show how the processes of variation, selection, retention, and struggle operate within organizations and across them. A lucid and engaging book that should appeal both to the newcomer to organization theory and to the old pro' - Frank Dobbin, Harvard University A keenly anticipated Second Edition of an award winning classic, Organizations Evolving presents a sophisticated evolutionary view of key organizational paradigms that will give readers a unified understanding of modern organizations. This Second Edition is an up-to-date survey of the literature, as well as an overview of the new developments across organization studies. It contains new sections on organizational forms, community evolution and methods for studying organizations at multiple levels. The field of organization studies contains many contending paradigms that often puzzle and perplex students. This book is a stunning synthesis of the major organizational paradigms under the umbrella of organizational theory. Scholars and students will find it an excellent guide to the strengths and weaknesses of the various approaches, as well as an outstanding review of the best recent empirical research on organizations. The book includes many helpful features, such as: - Review questions and exercises that will consolidate reader's learning - A methodological appendix that assesses common research methods - Engaging cases that bring principles and concepts to life This Second Edition is a rich resource for study, discussion and debate amongst organizational scholars and postgraduate students of organizations.

Entrepreneurial Finance at the Dawn of Industry 4.0

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Publisher : MDPI
ISBN 13 : 3039435973
Total Pages : 108 pages
Book Rating : 4.0/5 (394 download)

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Book Synopsis Entrepreneurial Finance at the Dawn of Industry 4.0 by : Quan-Hoang Vuong

Download or read book Entrepreneurial Finance at the Dawn of Industry 4.0 written by Quan-Hoang Vuong and published by MDPI. This book was released on 2020-12-04 with total page 108 pages. Available in PDF, EPUB and Kindle. Book excerpt: The advent of the fourth industrial revolution, Industry 4.0, brings about both opportunities and challenges that are likely to set developed economies even farther apart from emerging economies. This book, through the perspective of researchers in the emerging markets, presents analyses on a number of issues important to entrepreneurial finance, such as debt financing, mergers and acquisitions, stock market efficiency, resource allocation and consumption, and sustainable development. It aims at improving our understanding of the financing needs as well as the financial risks involved in entrepreneurial endeavors in less developed settings in the new era.

Lessons Learned from Defense Adjustment

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Publisher :
ISBN 13 :
Total Pages : 276 pages
Book Rating : 4.:/5 ( download)

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Book Synopsis Lessons Learned from Defense Adjustment by : Kenneth E. Poole

Download or read book Lessons Learned from Defense Adjustment written by Kenneth E. Poole and published by . This book was released on 1996 with total page 276 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Paper Manufacturing & Printing

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Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.:/5 (3 download)

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Book Synopsis Paper Manufacturing & Printing by : United States. Business and Defense Services Administration

Download or read book Paper Manufacturing & Printing written by United States. Business and Defense Services Administration and published by . This book was released on 1969 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Damodaran on Valuation

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Publisher : John Wiley & Sons
ISBN 13 : 0470049375
Total Pages : 698 pages
Book Rating : 4.4/5 (7 download)

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Book Synopsis Damodaran on Valuation by : Aswath Damodaran

Download or read book Damodaran on Valuation written by Aswath Damodaran and published by John Wiley & Sons. This book was released on 2016-02-08 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: "Aswath Damodaran is simply the best valuation teacher around. If you are interested in the theory or practice of valuation, you should have Damodaran on Valuation on your bookshelf. You can bet that I do." -- Michael J. Mauboussin, Chief Investment Strategist, Legg Mason Capital Management and author of More Than You Know: Finding Financial Wisdom in Unconventional Places In order to be a successful CEO, corporate strategist, or analyst, understanding the valuation process is a necessity. The second edition of Damodaran on Valuation stands out as the most reliable book for answering many of today?s critical valuation questions. Completely revised and updated, this edition is the ideal book on valuation for CEOs and corporate strategists. You'll gain an understanding of the vitality of today?s valuation models and develop the acumen needed for the most complex and subtle valuation scenarios you will face.

Handbook of the Economics of Innovation

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Publisher : Elsevier
ISBN 13 : 0080931111
Total Pages : 803 pages
Book Rating : 4.0/5 (89 download)

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Book Synopsis Handbook of the Economics of Innovation by : Bronwyn H. Hall

Download or read book Handbook of the Economics of Innovation written by Bronwyn H. Hall and published by Elsevier. This book was released on 2010-05-14 with total page 803 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economists examine the genesis of technological change and the ways we commercialize and diffuse it. The economics of property rights and patents, in addition to industry applications, are also surveyed through literature reviews and predictions about fruitful research directions. Two volumes, available as a set or sold separately Expert articles consider the best ways to establish optimal incentives in technological progress Science and innovation, both their theories and applications, are examined at the intersections of the marketplace, policy, and social welfare Economists are only part of an audience that includes attorneys, educators, and anyone involved in new technologies