Incomplete markets, intra-industry firm heterogeneity and investment. The case of uranium exploration
Publication
, Journal Article
Cohen, WM
Published in: Journal of Economic Behavior and Organization
January 1, 1990
We argue that as a result of incomplete factor markets, firm-specific variables representing selected characteristics of firms may influence and differentiate firms' investment behavior within industries. This paper operationalizes and test the framework with a simple, institutionally motivated model of investment in uranium exploration. Our results suggest that cash flow and firm-specific expertise influence and differentiate firms' exploration investment behavior in the uranium industry. These findings imply that the ways in which incomplete factor input markets distinguish firms also influence and differentiate their investment behavior. © 1990.
Duke Scholars
Published In
Journal of Economic Behavior and Organization
DOI
ISSN
0167-2681
Publication Date
January 1, 1990
Volume
14
Issue
2
Start / End Page
223 / 248
Related Subject Headings
- Economics
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory
Citation
APA
Chicago
ICMJE
MLA
NLM
Cohen, W. M. (1990). Incomplete markets, intra-industry firm heterogeneity and investment. The case of uranium exploration. Journal of Economic Behavior and Organization, 14(2), 223–248. https://doi.org/10.1016/0167-2681(90)90076-P
Cohen, W. M. “Incomplete markets, intra-industry firm heterogeneity and investment. The case of uranium exploration.” Journal of Economic Behavior and Organization 14, no. 2 (January 1, 1990): 223–48. https://doi.org/10.1016/0167-2681(90)90076-P.
Cohen WM. Incomplete markets, intra-industry firm heterogeneity and investment. The case of uranium exploration. Journal of Economic Behavior and Organization. 1990 Jan 1;14(2):223–48.
Cohen, W. M. “Incomplete markets, intra-industry firm heterogeneity and investment. The case of uranium exploration.” Journal of Economic Behavior and Organization, vol. 14, no. 2, Jan. 1990, pp. 223–48. Scopus, doi:10.1016/0167-2681(90)90076-P.
Cohen WM. Incomplete markets, intra-industry firm heterogeneity and investment. The case of uranium exploration. Journal of Economic Behavior and Organization. 1990 Jan 1;14(2):223–248.
Published In
Journal of Economic Behavior and Organization
DOI
ISSN
0167-2681
Publication Date
January 1, 1990
Volume
14
Issue
2
Start / End Page
223 / 248
Related Subject Headings
- Economics
- 3801 Applied economics
- 3502 Banking, finance and investment
- 1403 Econometrics
- 1402 Applied Economics
- 1401 Economic Theory