Learn about the definition of economic cost, different aspects of economic cost, examples, and the difference between economic cost and accounting cost. Related to this QuestionEconomic costs = Explicit costs plus implicit costs. True False Implicit costs exceed explicit costs. True False Accounting ...
Explain how implicit costs and opportunity costs differentiate financial profits from economic profits. Explain the role of opportunity costs in differentiating between economic profits and accounting profits. Define explicit costs and implicit costs. Give two examples of each. H...
Adding these three channels of tunneling and guaranteed loans, we find that explicit and implicit channel both have significant impact. The individual channel only works limitedly in a short term, albeit with limited impact. In addition, the group-affiliated firm with implicit channel does show ...
(2021), we control for three characteristics: 1) bond age (Bond_age), bond size (Size), the presence of an explicit guarantee (Gura), and the availability of a bond put option (Put); 2) the LGFVs’ current ratio (Liquidity), total assets turnover (Turn), and administrative level ...
the implicit channel and the individual channel. Adding these three channels of tunneling and guaranteed loans, we find that explicit and implicit channel both have significant impact. The individual channel only works limitedly in a short term, albeit with limited impact. In addition, the group-...
As seen in this excerpt, their focus is on “pragmatic processes” that can be defined and automated. “Tacit knowledge” is mentioned, but not to become explicit but rather to be used by the processes. In the major part of the paper, they describe such a process, a collaboratory called...