• Aucun résultat trouvé

A model of adaptive relationship between the entrepreneur and the bank

N/A
N/A
Protected

Academic year: 2021

Partager "A model of adaptive relationship between the entrepreneur and the bank"

Copied!
16
0
0

Texte intégral

Loading

Figure

Figure 1 : the problem of underinvestment (Myers (1977))
Figure 2 : project value when the bank bargaining power increases with complexity
Figure 3: Investment process, project characteristics and information
Figure 4 : project value and investment in a dynamic setting with bargaining power and reputation  effect
+2

Références

Documents relatifs

L’archive ouverte pluridisciplinaire HAL, est destinée au dépôt et à la diffusion de documents scientifiques de niveau recherche, publiés ou non, émanant des

While ‘rationalist’ aims might have contributed to the EIB’s entrepreneurial promotion of PPPs, this paper argues that there is stronger evidence that norms

A TSO does not have the same incentives to manage and develop its network depending on the combination between its governance structure and its method to

However, from the context of developing countries, limited research has sought to understand the role of social media in motivating entrepreneurs to start and

This analytical frame firstly assumes that existing collective expectations fraught with risks of negative social sanction shared by specific groups of decision

En effet, quand la vitesse de croissance est rapide, la phase de nucléation et la phase de croissance sont aussi rapide, en d’autre termes, quand la vitesse de croissance est

We observed a 2- to 3-fold increase in binding of Cyclin D2 to CDK4 in Min6 cells treated with glucose, and most importantly with insulin, suggesting that insulin and glucose

indicates that the variability is controlled by the planetary wave activity up to 65 km, with typical periods ranging from 1 week to 1 month, and by the breaking of