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, thus showing that liquidity constraints bind with respect to agricultural investment. In loan-villages, we gave grants to a … grants. Thus we find important heterogeneity in returns to investment and strong evidence that farmers with higher marginal … returns to investment self-select into lending programs. …
Persistent link: https://www.econbiz.de/10010969288
catalyze adoption of investments and practices aimed towards enterprise growth. We find that entrepreneurs invest the cash, and …
Persistent link: https://www.econbiz.de/10010950711
We evaluate differences in investment behavior between stock market listed and privately held firms in the U.S. using a … rich new data source on private firms. Listed firms invest less and are less responsive to changes in investment … firms, how we measure investment opportunities, lifecycle differences, or our matching criteria. We suggest that the …
Persistent link: https://www.econbiz.de/10009278252
policies and events. Under certain conditions, stock return equals investment return, which is directly tied with firm … relations of future stock returns with market-to-book, investment and disinvestment rates, seasoned equity offerings, tender …
Persistent link: https://www.econbiz.de/10005714885
We worked with two microlenders to test impacts of randomly assigned reminders for loan repayments in the "text messaging capital of the world". We do not find strong evidence that loss versus gain framing or messaging timing matter. Messages only robustly improve repayment when they include the...
Persistent link: https://www.econbiz.de/10011188547
impact on the growth and investment decisions of firms. The model features interactions between firms' dynamic fixed … slow firm growth and are a source of dispersion in firm size and revenue per worker. The model is tractable for general … matches data on firm growth, worker transitions between firms and export dynamics suggests that frictions in job …
Persistent link: https://www.econbiz.de/10010950980
allow for investment in physical capital and aggregate fluctuations. In the aftermath of a positive productivity shock, the …
Persistent link: https://www.econbiz.de/10010821786
investment, sales, profits, value and markups, the timing of firm responses to shocks, and the relationship between investment …
Persistent link: https://www.econbiz.de/10009151257
Nishimura et al. (2005) analyze the entry/exit behavior of Japanese firms during the 1990s and find that relatively efficient firms exited while relatively inefficient firms survived during the banking-crisis period of 1996-97. They conclude that the natural selection mechanism (NSM) apparently...
Persistent link: https://www.econbiz.de/10005084454
We determine empirically how the Big Three automakers accommodate shocks to demand. They have the capability to change prices, alter labor inputs through temporary layoffs and overtime, or adjust inventories. These adjustments are interrelated, non-convex, and dynamic in nature. Combining weekly...
Persistent link: https://www.econbiz.de/10005828581