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Financial frictions, investment and Tobin's q
Lorenzoni, Guido; Walentin, Karl - 2007
We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin's q. A firm is financed partly by insiders, who control its assets, and partly by outside investors. When their wealth is scarce, insiders earn a rate of return higher...
Persistent link: https://www.econbiz.de/10003467908
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Inefficient credit booms
Lorenzoni, Guido - 2007
Persistent link: https://www.econbiz.de/10003606577
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The effects of a baby boom on stock prices and capital accumulation in the presence of social security
Abel, Andrew B. - 2002
Persistent link: https://www.econbiz.de/10001700651
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When does the market matter? : Stock prices and the investment of equity-dependent firms
Baker, Malcolm; Stein, Jeremy C.; Wurgler, Jeffrey - 2002
Persistent link: https://www.econbiz.de/10001646782
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Information production and capital allocation : decentralized vs. hierarchical firms
Stein, Jeremy C. - 2000
Persistent link: https://www.econbiz.de/10001477223
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On the nature of capital adjustment costs
Cooper, Russell W.; Haltiwanger, John C. - 2000
Persistent link: https://www.econbiz.de/10001515474
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An analytic framework for interpreting investment regressions in the presence of financial constraints
Abel, Andrew B.; Panageas, Stauros - 2020
Persistent link: https://www.econbiz.de/10012216890