La Determinaciin Del Nivel ptimo De Inversiin (Optimal Investment Level Determination)

2008 ◽  
Author(s):  
Jesss Alonso Botero
2017 ◽  
Vol 2017 (1) ◽  
pp. 500-503
Author(s):  
Ivo Ordonha Cyrillo ◽  
Marcelo Aparecido Pelegrini ◽  
Gabriel Quiroga ◽  
Carlos Frederico Meschini Almeida ◽  
Carlos Marcio Vieira Tahan ◽  
...  

2016 ◽  
Vol 24 (3) ◽  
pp. 457-478
Author(s):  
Sehoon Kwon ◽  
Wi Saeng Kim

Following Zingales (1994) and Gilson (2006), this paper assumes that controlling shareholders have incentives to secretly transfer parts of corporate earnings to themselves, and the government to reduce these corporate self-dealing activities. We study if there exist certain levels of government monitoring intensities which are optimal for all parties involved; controlling shareholders, public investors and the government. Our model shows that there exists Nash equilibrium in corporate self-dealing and governmental monitoring levels. At this equilibrium, the optimal corporate investment level is greater than the counterpart in the absence of self-dealings and government monitoring. Our model further shows that the main determinants for the equilibrium level are monitoring efficiency, severity of self-dealings penalty, and marginal return on investment. Interestingly, however, we can not conclude that either controlling shareholders’ equity ownership ratios or corporate tax rates determines the optimal investment level.


2020 ◽  
Vol 2020 ◽  
pp. 1-12
Author(s):  
Guangshu Xu ◽  
Hao Wu ◽  
Yongsheng Liu ◽  
Chia-Huei Wu ◽  
Sang-Bing Tsai

This paper studies the impact of fresh-keeping effort (FKE) investment strategies from the perspective of green transportation on a fresh-product supply chain (FSC) system for the purpose of reducing the emission of harmful gases and waste of resources. A supplier–buyer structure in an FSC system is modeled under two approaches consisting of the fixed FKE model and the variable FKE model. Then the paper analyzes the effect of optimal FKE level on retailer’s profit and product freshness under two different approaches, and finds that there is space to be improved in the two approaches which were further optimized. Finally, the proposed models are approved with a dataset from a real-life case study. Under the above two approaches, not only profits can be increased in retail enterprises but also the freshness level of fresh agricultural products (FAP) can be improved and reduced the consumption of resources. The results show that there is an optimal investment level of FKE under different strategies, and the maximum profit could be obtained by keeping fresh at this level. Moreover, the fixed FKE will not increase the average freshness of fresh produce in a sales cycle, and the adjusted FKE can effectively improve the average freshness.


1991 ◽  
Vol 8 (1) ◽  
pp. 109-127
Author(s):  
Zaidi Sattar

The present paper is a contribution to the building blocks of an investmentmodel within the framework of an integrated macroeconomic model of anIslamic economy. Investment behavior in the model is guided by an Islamicethicalvalue system and profit-sharing financial contracts. The typical firm’sinvestment decision is believed to emerge from a dynamic inter-temporalmaximization exercise within an infinite time horizon. The method of Calculusof Variations is applied to arrive at the optimal investment and employmentcriteria for the firm. The result is then incorporated into a macroeconomicmodel to study the behavior of key endogenous variables like national incomeand the rate of profit-share. Comparative statics exercised within a generalequilibrium framework reveal the potency of monetary policy but the neutralityof fiscal policy with respect to output and employment.IntroductionThe past decade has witnessed a tremendous outpouring of interest aswell as effort in the formalization of economic models based on profit-sharingfinancial arrangements as an Islamic alternative to the conventional interestbasedeconomic system. Several macroeconomic models for interest-freeeconomies have been proposed (Anwar 1987; Habibi 1987; Metwally 1981& 1983). The rigor of an integrated approach to such macroeconomic modelhgdepends on the rigor of the component models, namely, the consumption,investment, monetary, and fiscal relationships. Economists have writtenextensively on different aspects of consumer behavior in Islamic societies.Kahf (1978) and Khan (1984), among others, have contributed to the conceptualand analytical formulation of the consumption function under ...


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