Alex Hemmert
@_alex_
Alex Hemmert
@_alex_
How Asset-Backed Financing (aka Securitization) Works
The simplest way to understand an asset-backed facility is that it’s like a credit card that you can buy one thing with.
Epictetus, himself a former slave who knew something about the weight of others' expectations, taught that we suffer more in imagination than in reality
Here the advantage is firm-specific. Firms integrate their activities across countries to achieve lower costs through economies of scale or scope.
Similarly, a firm’s dominant cost position, controlling for value, may be due to • Economies of scale in one or more activities, such as operations, procurement, or technology development. • Economies of scope from products sold across multiple markets. • The diffusion of superior practices from the home country to satellite units in regional
... See moreCore competence implies both a technology platform shared by existing businesses and the ability to leverage the platform to develop new businesses.