Search results for "GROWTH OPPORTUNITIES"

showing 2 items of 2 documents

Behind the curtain of international diversification: An agency theory perspective

2018

This paper dissects the antecedents of international diversification through the lens of the agency cost of free cash flow arguments. It explores whether the partial convergence of interests among managers, majority shareholders, and minority shareholders affects a firm's choice to diversify internationally. Using a sample panel of 60 Italian firms evaluated longitudinally from 2004 to 2014, the study tests whether a firm's international diversification is affected by its free cash flow (as the ultimate source of managerial discretion) and debt (as the main constraint to managerial discretion), especially in firm contexts that exacerbate agency problems. We find that the effects on internat…

growth opportunitiesFree cash flowFinancial economicsdebt; free cash flow; growth opportunities; international diversification; ownership concentration;Strategy and Managementmedia_common.quotation_subject05 social sciencesAgency costDiversification (finance)Principal–agent problemSettore SECS-P/08 - Economia e Gestione delle Impreseinternational diversificationinternational diversification; free cash flow; debt; ownership concentration; growth opportunitiesShareholderownership concentrationManagerial discretionDebt0502 economics and businessfree cash flow050211 marketingBusinessBusiness and International Managementdebt050203 business & managementmedia_common
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Entrepreneurship Training and Self-Employment among University Graduates

2012

In economies characterized by low labor demand and high rates of youth unemployment, entrepreneurship training has the potential to enable youth to gain skills and create their own jobs. This paper presents experimental evidence on a new entrepreneurship track that provides business training and personalized coaching to university students in Tunisia. Undergraduates in the final year of licence appliquee were given the opportunity to graduate with a business plan instead of following the standard curriculum. This paper relies on randomized assignment of the entrepreneurship track to identify impacts on labor market outcomes one year after graduation. The analysis finds that the entrepreneur…

DISADVANTAGED YOUTHEMPLOYMENT PROGRAMSUNIVERSITY STUDENTSFINANCIAL ANALYSISEXAMSENTREPRENEURSHIP SUPPORTPRIVATE SECTOR JOBSCLASSROOMEMPLOYMENT OPPORTUNITIESEMPLOYMENTACTIVE LABOR MARKETHIGH UNEMPLOYMENTPERSONALITYPRESENT EVIDENCEINFORMATION ABOUT CREDITENTREPRENEURIAL ACTIVITIES[ SHS.EDU ] Humanities and Social Sciences/EducationWORKERSENROLLMENT RATESBUSINESS OWNERSWAGE SUBSIDYEMPLOYMENT OUTCOMESGRADUATION RATEOCCUPATIONSMENTAL HEALTHPUBLIC SECTOR JOBSLABOR MARKET OUTCOMESYOUTH TRAININGCOLLEGE GRADUATEINTERVENTIONSEARNINGSREADINGSKILLED WORKERSBUSINESS TRAININGSALARIED EMPLOYMENT[SHS.EDU]Humanities and Social Sciences/EducationCOMPETENCIESLOCAL EMPLOYMENT OFFICEVENTURE CAPITAL FIRMWORKERUNEMPLOYEDUNIVERSITY PROFESSORSPLAYINGHIGHER EDUCATIONJOB SEARCHLITERACYRECOGNITIONENTREPRENEURSHIP TRAININGSTHINKINGBUSINESS SURVIVALSURVIVAL RATESYOUTH UNEMPLOYMENTEMPLOYABILITYLABOR DEMANDUNEMPLOYMENT SPELLSATTRITIONMINIMUM WAGESKILLS DEVELOPMENTPROFITABILITYFINANCIAL LITERACYPRODUCTIVITY GROWTHENTREPRENEURSPREVIOUS SECTIONGROSS ENROLLMENTSPORTSUNIVERSITY DEGREEEMPLOYMENT STATUSLABOUREXCLUSIONYOUTH UNEMPLOYMENT RATESTART-UPHUMAN DEVELOPMENTNEW BUSINESSESYOUTH EMPLOYMENTPOST-SECONDARY EDUCATIONACADEMIC YEARACCESS TO INFORMATIONUNEMPLOYMENT RATEEMPLOYMENT RATEMINISTRIES OF EDUCATIONBUSINESS PLANLABOR ECONOMICSTELECOMMUNICATIONSJOB SATISFACTIONWAGE SUBSIDY PROGRAMSSOCIAL NETWORKYOUNG WORKERSGROSS ENROLLMENT RATESLOANProgram evaluationPRIVATE SECTOR WAGEMICROFINANCEWAGE SUBSIDIESDEVELOPMENT BANKINDIVIDUAL ENTREPRENEURSHIPComputingMilieux_THECOMPUTINGPROFESSIONGRADUATION REQUIREMENTSPRIVATE SECTOR JOBPUBLIC EMPLOYMENTATTENTIONSALARIED WORKERSKILLS TRAININGSTART-UP CAPITALLEADERSHIPGENDERADMINISTRATIVE RECORDSON-THE-JOB TRAININGFEMALE ENTERPRISEENTREPRENEURSHIP DEVELOPMENTLOCAL EMPLOYMENT OFFICESLABOR FORCE SURVEYPRELIMINARY EVIDENCEEMPLOYERSGRADUATES WITH SKILLSENTREPRENEURFAMILIESTRAINING PROGRAMSEMPLOYMENT OFFICEYOUTH UNEMPLOYMENT RATESCLASSROOM TRAININGJOB OPPORTUNITIESFIRM SIZEUNDERGRADUATESJOBSCURRICULUMUNIVERSITY GRADUATESEMPLOYMENT PROGRAMPUBLIC SECTOR JOBTRAINING PROGRAMMINISTRY OF EDUCATIONTRAINING COURSEUNEMPLOYED YOUTHTRAINING COMPONENTCOMMUNITY COLLEGEENTREPRENEURIAL ACTIVITYEMPLOYMENT IMPACTSSelf-employmentPREVIOUS STUDIESSELF-EMPLOYMENTLACK OF ACCESSLABOR MARKETELIGIBLE STUDENTSSOCIAL COHESIONVOCATIONAL TRAINING PROGRAMSCONTROL GROUPSTECHNICAL KNOWLEDGETERTIARY EDUCATIONGROWTH OPPORTUNITIESSOCIAL SECURITYLITERATURELABOR MARKET EXPERIENCETRAINING PARTICIPANTSECONOMIC CHARACTERISTICSPERSONALITY TRAITSEntrepreneurship trainingDEVELOPMENT CENTERCREDIT CONSTRAINTSEMPLOYMENT POLICIESBUSINESS PLANSOPEN ACCESSTRAINING CONTENTMICRO ENTERPRISESPAPERSWAGE EMPLOYMENTACTIVE LABOR MARKET PROGRAMSJOB OFFERSUBSTITUTION EFFECTPRIVATE SECTORCREDIT ACCESSBehavioral skill[SHS.EDU] Humanities and Social Sciences/EducationHOUSEHOLD INCOMEMICROFINANCE INSTITUTIONSYOUTH TRAINING PROGRAMTEACHINGLEARNINGACCESS TO CREDITPSYCHOLOGYACHIEVEMENTINTERNATIONAL BANKVENTURE CAPITALACCESS TO JOBSUNIVERSITIESPROGRAM BENEFICIARIESSoft skillMOTIVATIONRECALLCREDIT APPLICATIONSLABOR FORCEFINANCIAL SUPPORTBUSINESS NETWORKSMICRO FINANCEVOCATIONAL TRAININGENTREPRENEURIAL SKILLSYouth employmentENTREPRENEURSHIP TRAININGLACK OF INFORMATIONACTIVE LABOR
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