Demand for investment in productive and financial capital

Eitan Hochman; Oded Hochman; Assaf Razin

doi:10.1016/0014-2921(73)90031-7

Demand for investment in productive and financial capital

Eitan Hochman, Oded Hochman, Assaf Razin

Research output: Contribution to journal › Article › peer-review

9 Scopus citations

Abstract

The paper deals with an entrepreneur who operates in imperfect capital markets, making rational decisions about productive and financial investment. Using the economic rule that the allocation of assets between productive and financial purposes is carried out according to the equality of the marginal productivity and the marginal factor costs of debt, the paper analyses the factors which determine the size of the firm, the size of debt, and the optimal dynamic path.

Original language	English
Pages (from-to)	67-83
Number of pages	17
Journal	European Economic Review
Volume	4
Issue number	1
DOIs	https://doi.org/10.1016/0014-2921(73)90031-7
State	Published - 1 Jan 1973
Externally published	Yes

ASJC Scopus subject areas

Finance
Economics and Econometrics

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10.1016/0014-2921(73)90031-7

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AB - The paper deals with an entrepreneur who operates in imperfect capital markets, making rational decisions about productive and financial investment. Using the economic rule that the allocation of assets between productive and financial purposes is carried out according to the equality of the marginal productivity and the marginal factor costs of debt, the paper analyses the factors which determine the size of the firm, the size of debt, and the optimal dynamic path.

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Demand for investment in productive and financial capital

Abstract

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