Corporate Investment Decisions and Monetary Policy

This paper examines the impact of monetary shocks on corporate investment. I find evidence that industrial firms tend to increase their capital expenditures in response to continuously unexpected monetary policy tightness, implying that cumulative unexpected monetary policy tightness depreciates financial assets quickly and destroys the market price of assets, therefore, firms can take this opportunity to expand their investment with lower spending

MoreLess

Year of publication:	2016
Authors:	Yao, Haibo Stephen
Publisher:	[2016]: [S.l.] : SSRN
Subject:	Investitionsentscheidung \| Investment decision \| Geldpolitik \| Monetary policy \| Theorie \| Theory

freely available

Full text |

More access options

doi.org

Check Google Scholar

In German libraries (KVK)

I need help

Extent:	1 Online-Ressource (108 p)
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments May 25, 2013 erstellt
Other identifiers:	10.2139/ssrn.2784351 [DOI]
Classification:	G30 - Corporate Finance and Governance. General ; G32 - Financing Policy; Capital and Ownership Structure ; E30 - Prices, Business Fluctuations, and Cycles. General ; E43 - Determination of Interest Rates; Term Structure Interest Rates ; E52 - Monetary Policy (Targets, Instruments, and Effects)
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012991482