Linked Data Explorerhttp://worldcat.org/entity/work/id/34510291
INVESTMENT UNDER UNCERTAINTY: THE CAPITAL MARKET AND THE BEHAVIOR OF THE FIRM
Barriers to entry in some industries have been attributed to capital market 'imperfections.' Various properties of the capital market have been suggested as sources of imperfection, and corresponding theories have emerged to explain why new investment is restrained as a result. One explanation for such constraints on investment rests on the possibility that outside financiers know less about the returns to investment than the entrepreneurs directly involved.
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- "Barriers to entry in some industries have been attributed to capital market 'imperfections.' Various properties of the capital market have been suggested as sources of imperfection, and corresponding theories have emerged to explain why new investment is restrained as a result. One explanation for such constraints on investment rests on the possibility that outside financiers know less about the returns to investment than the entrepreneurs directly involved."@en