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Monetary policy and firms’ investment: Dynamic panel data evidence from Malaysia

Abdul Karim, Zulkefly - Volkswirtschaftliche Fakultät, … - 2010

This study examines the effects of monetary policy on firms’ balance sheet, with a particular focus on the effects upon the firms’ fixed-investment spending. It uses a dynamic panel system GMM estimation proposed by Blundell and Bond (1998). The focal point has given to the two main channels...

Persistent link: https://www.econbiz.de/10008636524

Common determinants of bond and stock market liquidity : the impact of financial crises, monetary policy, and mutual fund flows

Chordia, Tarun (contributor); Sarkar, Asani (contributor); … - 2001 - [Elektronische Ressource]

more highly correlated; moreover, at these times, money supply positively affects financial market liquidity, albeit with a … lag of two weeks. During normal times, increases in mutual fund flows enhance stock market liquidity and trading volume …, but during financial crises, U.S. government bond funds see higher inflows, resulting in increased bond market liquidity …

Persistent link: https://www.econbiz.de/10001629622

Internal finance and corporate investment: Belgian evidence with panel data

Barran, Fernando; Peeters, Marga - Volkswirtschaftliche Fakultät, … - 1998

In this paper the corporate investment decision under financial restrictions is investigated with Belgian firm data from 1984 to 1992. An investment Euler equation is derived from a dynamic optimization model with debt ceilings and an elastic credit supply. The model is estimated by GMM for...

Persistent link: https://www.econbiz.de/10008836729

Do stock price bubbles influence corporate investment?

Gilchrist, Simon (contributor); … - 2004 - [Elektronische Ressource]

Building on recent developments in behavioral asset pricing, we develop a model in which an increase in the dispersion of investor beliefs under short-selling constraints predicts a "bubble," or a rise in a stock's price above its fundamental value. Our model predicts that managers respond to...

Persistent link: https://www.econbiz.de/10001936312

Are larger treasury issues more liquid? : Evidence from bill reopenings

Fleming, Michael J. (contributor) - 2002 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001656398

Measuring treasury market liquidity

Fleming, Michael J. (contributor) - 2001 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001590059

Discovering the dynamics of smart business networks

Pau, Louis-François - Volkswirtschaftliche Fakultät, … - 2007

Earlier research discussed the necessary evolution from smart business networks, as based on process need satisfaction and governance, into business genetics [1] based on strategic bonds or decay and opportunistic complementarities. This paper will describe an approach and diffusion algorithms...

Persistent link: https://www.econbiz.de/10009021995

Non-hierarchical signalling: two-stage financing game

Miglo, Anton; Zenkevich, Nikolay - Volkswirtschaftliche Fakultät, … - 2005

The literature analyzing games where some players have private information about their "types" is usually based on the duality of "good" and "bad" types (GB approach), where "good" type denotes the type with better quality. In contrast, this paper analyzes a signalling game without types...

Persistent link: https://www.econbiz.de/10005836424

Debt-equity choice as a signal of profit profile over time

Miglo, Anton - Volkswirtschaftliche Fakultät, … - 2006

This paper analyzes debt-equity choice for financing a two-stage investment when a firm’s insiders have private information about the firm’s expected earnings. When private information is one-dimensional (for example when short-term earnings are common knowledge while long-term earnings are...

Persistent link: https://www.econbiz.de/10005836591

Debt Composition and Balance Sheet Effect of Currency Crisis in Indonesia

Agustinus, Prasetyantoko - Volkswirtschaftliche Fakultät, … - 2007

This paper is concerned with the role of debt composition on the firm-level investment by raising a main question: whether firms with high foreign currency or short maturity debts have less investment following a financial crisis. This paper finds that firms with more dollar debt have...

Persistent link: https://www.econbiz.de/10005837352

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