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Financial Frictions, Investment and Tobin's Q
Lorenzoni, Guido - 2007
We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …
Persistent link: https://www.econbiz.de/10012776954
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Financial Frictions, Investment and Tobin's q
Lorenzoni, Guido - 2007
We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …
Persistent link: https://www.econbiz.de/10012465562
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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 … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generate realistic correlations between investment, q, and cash flow …
Persistent link: https://www.econbiz.de/10014050959
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Financial Frictions, Investment, and Institutions
Yafeh, Yishay - 2010
institutional reforms reduce financial frictions? Based on a canonical investment model, we consider two potential channels: (i …
Persistent link: https://www.econbiz.de/10014397491
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Financial shocks to banks, R&D investment, and recessions
Ohdoi, Ryoji - 2023 - This version: June 3, 2023
Persistent link: https://www.econbiz.de/10014293118
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Cycles and corporate investment : direct tests using survey data on banks’ lending practices
Madsen, Jakob Brøchner; Carrington, Sarah J. - 2011
Persistent link: https://www.econbiz.de/10009515121
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Volatility and growth : the role of bank financing in Bolivia
Banegas Rivero, Roger Alejandro; Núñez Ramírez, … - In: Montenegrin journal of economics 18 (2022) 3, pp. 35-56
Persistent link: https://www.econbiz.de/10013349450
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Disclosures, Rollover Risk, and Debt Runs
Carre, Sylvain - 2020
How do opacity and disclosure policies impact the likelihood of debt runs and economicefficiency? I construct a dynamic model where debt yields are endogenous and mappedexplicitly to the degree of transparency, the regulatory disclosure regime and the stateof the economy. I find that: opacity is...
Persistent link: https://www.econbiz.de/10012855836
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Rollover Risk and Market Freezes
Acharya, Viral V. - 2010
The crisis of 2007-09 has been characterized by a sudden freeze in the market for short-term, secured borrowing. We present a model that can explain a sudden collapse in the amount that can be borrowed against finitely-lived assets with little credit risk. The borrowing in this model takes the...
Persistent link: https://www.econbiz.de/10013148660
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Rollover Risk and Market Freezes
Acharya, Viral V. - 2010
The crisis of 2007-09 has been characterized by a sudden freeze in the market for short-term, secured borrowing. We present a model that can explain a sudden collapse in the amount that can be borrowed against finitely-lived assets with little credit risk. The borrowing in this model takes the...
Persistent link: https://www.econbiz.de/10012462978