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Titolo: | Time horizons and technology investments / / Committee on Time Horizons and Technology Investments, National Academy of Engineering |
Pubblicazione: | Washington, D.C., : National Academy Press, 1992 |
Edizione: | 1st ed. |
Descrizione fisica: | 1 online resource (118 p.) |
Disciplina: | 600 |
Soggetto topico: | Business planning - United States |
Capital investments - United States | |
Technological innovations - Economic aspects - United States | |
Competition - United States | |
Note generali: | Includes bibliographical references (p. 74-77). |
Nota di contenuto: | TIME HORIZONS AND TECHNOLOGY INVESTMENTS -- Copyright -- Preface -- Contents -- Executive Summary -- 1 The Issue and the Approach -- THE APPROACH AND METHOD OF THE STUDY -- DO U.S. CORPORATE EXECUTIVES HAVE SHORT TIME HORIZONS? -- MACROECONOMIC EVIDENCE: RELATIVE RATES OF INVESTMENT IN FIXED CAPITAL AND R& -- D -- SUMMARY AND CONCLUSION -- 2 Explaining Time Horizons and Technology Investments -- WHAT IS "NEAR-TERM ORIENTED" MANAGEMENT AND GOVERNANCE? -- THE MECHANICS OF CAPITAL COSTS, RISK, AND THE SPECIAL CHARACTERISTICS OF INVESTMENTS IN TECHNOLOGY DEVELOPMENTS -- Perspectives on the Cost of Capital -- Financial Markets and Technology Investments -- Investment Hurdle Rates and Technology Investments -- DETERMINANTS OF COMPANY INVESTMENT TIME HORIZONS -- SUMMARY AND CONCLUSION -- 3 Company Time Horizons and Technology Investments: The Roles of Corporate Governance and Management -- THE IMPORTANCE OF GOVERNANCE: THE ROLES OF BOARDS OF DIRECTORS -- Boards of Directors' Choices and Time Horizons -- Compensation and Selection of Board Members -- THE PREROGATIVES OF MANAGEMENT AND CORPORATE TIME HORIZONS -- The Development and Execution of Corporate Strategy -- Design and Implementation of Career Development Systems and Compensation Schemes -- Decision-Making Methods and Performance Measurement -- SUMMARY AND RECOMMENDATIONS -- 4 Time Horizons and Cost of Capital -- FINANCIAL MARKETS AND TIME HORIZONS IN THE 1990S -- A COMPANY'S CONTROL OVER ITS COST OF CAPITAL -- Financial Markets, Technology, and Company Valuation -- Time Horizons, Technology Investments, and Ownership Structures -- THE ECONOMIC COST OF CAPITAL: NATIONAL DIFFERENCES AS A CRUCIAL ISSUE -- SUMMARY AND RECOMMENDATIONS -- 5 The Influences of Government Investments and Regulatory Policies on Corporate Time Horizons -- GOVERNMENT POLICIES AND A STABLE ENVIRONMENT FOR INVESTMENT. |
The Mixed Impact of Regulation and the Legal Environment -- The Government's Role in the Creation of Stable Markets -- GOVERNMENT INVESTMENTS, COMPLEMENTARY ASSETS, AND PRIVATE-SECTOR TIME HORIZONS FOR INNOVATION -- Infrastructure -- Research and Development -- Time Horizons and the Public-Sector Investment Portfolio -- SUMMARY AND RECOMMENDATIONS -- 6 Summary Argument: Understanding Time Horizons and Technology Investments -- References -- Appendix A Cost of Capital-The Managerial Perspective -- ABSTRACT -- APPROACH -- THE INTERVIEWS -- Question 1: Is the Cost of Capital an Important Source of Competitive Disadvantage? -- Group 1: Cost of Capital is a Critical Competitive Factor -- Group 2: The Cost of Capital Is Not a Major Competitive Factor -- Group 3: The Mixed View -- Question 2: How Do the Firms that Emphasize the Competitive Impact of the Cost of Capital Manage the Problem? -- Question 3: What Accounts for the Differences in Views on the Cost of Capital? -- Industry Type -- Size -- Capital Intensity -- Financial Health and Capital Availability -- Market Leadership -- Conclusion -- NOTES -- REFERENCES -- Appendix B Biographical Information on Committee Members. | |
Titolo autorizzato: | Time horizons and technology investments |
ISBN: | 1-280-21151-2 |
9786610211517 | |
0-309-58410-8 | |
0-585-11980-5 | |
Formato: | Materiale a stampa |
Livello bibliografico | Monografia |
Lingua di pubblicazione: | Inglese |
Record Nr.: | 9910817010703321 |
Lo trovi qui: | Univ. Federico II |
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