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The Diversification Service By A Multinational Corporation To Its Shareholders., Ho Chull Yang
The Diversification Service By A Multinational Corporation To Its Shareholders., Ho Chull Yang
LSU Historical Dissertations and Theses
In perfect capital markets, optimal investment decisions of a firm involve no incentive for a firm to diversify operations. However, in an imperfect capital market where homemade portfolio diversification incurs higher cost or faces restrictions, operational diversification of a firm may be beneficial to its shareholders. A substantial amount of empirical evidence has supported the hypothesis that U.S. investors would have higher risk adjusted performance through international portfolio investment. In reality, however, some major barriers to international diversification have prevented U.S. investors from diversifying internationally. Consequently, it can be expected that multinationality of a firm would be beneficial to investors. …
The Methodological Foundations Of Law And Economics., Will Carrington Heath
The Methodological Foundations Of Law And Economics., Will Carrington Heath
LSU Historical Dissertations and Theses
Today there is a burgeoning "new" law and economics literature which extends the application of economic principles virtually across the board. The essence of the "new" law and economics is value (or wealth) maximization, which means exploiting economic resources in such a way that value--human satisfaction as measured by willingness and ability to pay--is maximized. Value maximization has become essential in both explanative and reformative analyses of the law. This new science of law is not without its critics. They include economists, especially those of the Austrian and American Institutionalist schools, as well as various legal theorists and practitioners not …
An Analysis Of The Economic Impact Of Agricultural Production Expenditures On The Louisiana Economy., Liang Chew Huam
An Analysis Of The Economic Impact Of Agricultural Production Expenditures On The Louisiana Economy., Liang Chew Huam
LSU Historical Dissertations and Theses
This study provides an analytical framework via a simultaneous equations model for estimating the economic impact of agricultural production expenditures of the economy of Louisiana and nine intrastate farming areas producing different combination of major farm enterprises. The simultaneous equations model containing six linear equations and an identity describes the structural relationships between six endogenous and five predetermined variables. Economic impact multipliers were estimated for key performance variables, such as employment, earnings, personal income and retail sales. An exogenous increase of a dollar in agricultural expenditure, the variable used to reflect changes in farm production, was estimated to generate a …
Platonic Economic Theory: The Economics Of Moderation., Kenneth Neal Townsend
Platonic Economic Theory: The Economics Of Moderation., Kenneth Neal Townsend
LSU Historical Dissertations and Theses
This dissertation analyzes the contributions to the economic analysis of welfare made by the ancient Greek philosopher Plato. Heretofore unexamined, these contributions demonstrate the importance of the development of notions of sufficiency and moderation as integral parts of welfare analysis. This dissertation also examines the significance of Plato's method of inquiry into matters of social science for contemporary economic analysis. In particular, the importance of metamathematical induction for the acquisition of knowledge of the values upon which welfare depend is analyzed in the form that it is employed in Plato's dialogues. This analysis is conducted to the end that economists …
An Economic Analysis Of Alternative Marketing Strategies For Northeast Louisiana Soybean Producers., Edward Joe Jordan
An Economic Analysis Of Alternative Marketing Strategies For Northeast Louisiana Soybean Producers., Edward Joe Jordan
LSU Historical Dissertations and Theses
This study evaluates marketing strategies for Louisiana soybean producers and the influence of selected supply and demand factors on these strategies' performance. Primary data from 100 producers were used to identify marketing strategies. Means and variances of returns were estimated for 41 marketing strategies for the 1975-1979 period. Forward contracting yielded the largest mean returns although its variances exceeded harvest sales' variances. Unhedged storage yielded significantly higher mean returns and lower variances than hedged storage strategies. Strategies involving the hedging of growing crops generated mean returns not significantly different from forward contracting strategies and variances which were relatively less than …