Logo
Munich Personal RePEc Archive

Financing investment under fundamental uncertainty and instability: A heterodox microeconomic view

Jo, Tae-Hee (2012): Financing investment under fundamental uncertainty and instability: A heterodox microeconomic view.

This is the latest version of this item.

[thumbnail of MPRA_paper_39582.pdf]
Preview
PDF
MPRA_paper_39582.pdf

Download (296kB) | Preview

Abstract

The business enterprise in the real world wrestles with fundamental uncertainty and instability. Key enterprise decisions such as pricing, financing, and investment are thus made strategically rather than optimally. Heterodox economists are, however, divided in the account of business enterprise's financing behavior; macroeconomists put an emphasis on external financing, whereas microeconomists on internal financing. Moreover, they often stop short of establishing a link between the two. Drawing upon the social provisioning perspective, this essay aims at providing a new light on financing focusing on strategic enterprise decision-making mechanisms.

Available Versions of this Item

Atom RSS 1.0 RSS 2.0

Contact us: mpra@ub.uni-muenchen.de

This repository has been built using EPrints software.

MPRA is a RePEc service hosted by Logo of the University Library LMU Munich.