Investment and finance: A theoretical approach

T. Asada

Annals of Operations Research, 1999, vol. 89, issue 0, 75-87

Abstract: In this paper, we reconsider the theory of investment and finance with imperfect capitalmarket from an analytical point of view. First, we present a simplified static model whichintegrates Keynes' approach to investment determination and Kalecki's approach to the“principle of increasing risk”, and investigate the relationships between this model andTobin's q theory. The second part of this paper tries to extend the basic model to the modelof investment and finance in a truly dynamic environment by utilizing the analytical framework which was presented by Asada and Semmler [2]. Copyright Kluwer Academic Publishers 1999

Date: 1999
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DOI: 10.1023/A:1018996211649

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