Showing 1 - 10 of 1,168
In this paper we present the Ifo Investment Database, which provides annual investment data for 12 investment assets in … allows allocating investments by asset type to each industry, using an investment flow matrix. The database enables … researchers to analyze structural investment behavior on the industry level and to identify changes in the importance of in-vestment …
Persistent link: https://www.econbiz.de/10013084902
view (i.e., including human capital) of investment and saving. We find that the Feldstein-Horioka result is impervious to …
Persistent link: https://www.econbiz.de/10012777642
-enhancing investment in relationship-specific assets by signalling creditworthiness and long-term planning horizon of their borrowers. We … empirically confirm this hypothesis by showing that industries dependent on relationship-specific investment from their suppliers …
Persistent link: https://www.econbiz.de/10013093852
countries. We analyze a novel bank-level data set from Nepal, where a steady inflow of remittances has contributed to foreign …
Persistent link: https://www.econbiz.de/10013043617
In the absence of financing frictions, profit taxes reduce investment by their effect on the user cost of capital. With … finance constraints due to moral hazard, investment becomes sensitive to cash-flow and own equity of firms. We propose a … corporate finance model of investment and derive three central results: (i) Even small taxes impose first order welfare losses …
Persistent link: https://www.econbiz.de/10013148299
Empirical evidence that migrants send home more remittances after disasters raises the question of whether remittances … remittances, which supports the idea that remittances act as (self-) insurance. We also show that purchasing formal funeral cover …
Persistent link: https://www.econbiz.de/10013094542
A large body research shows a positive relationship between wealth and entrepreneurship and interprets the relationship as providing evidence of liquidity constraints. Recently, however, the liquidity constraint interpretation has been challenged because of the finding that the relationship...
Persistent link: https://www.econbiz.de/10013107520
Using Dutch data we empirically investigate how financing and innovation vary across firm characteristics. We find that when firms face financial constraints, debt financing and innovation choices are not independent of firm characteristics, and R&D slows down. In the absence of financial...
Persistent link: https://www.econbiz.de/10013057269
Financial constraints are an important impediment to the growth of small businesses. We study theoretically and empirically how the financial constraints of agents affect their decisions to exert effort, and, hence the organizational decisions and growth of principals, in the context of...
Persistent link: https://www.econbiz.de/10013315688
This paper looks at the effect of the relatedness of two countries, measured by their genetic distance, on educational migrant selection. We analyze bilateral country-level education-specific migration stocks from 85 sending countries to the 15 main destination countries in 2000 and show that...
Persistent link: https://www.econbiz.de/10013018280