Similar Search Results

Finance, control, and profitability : the influence of German banks

Chirinko, Robert S.; Elston, Julie Ann Michelle - 2003

Bank intermediated finance has been cited frequently as the preferred means for channeling funds from savers to firms. Germany is the prototypical economy where universal banks allegedly exert substantial influence over firms. Despite frequent assertions about the considerable power of German...

Persistent link: https://www.econbiz.de/10011511071

[Sigma] : the long and short of it

Chirinko, Robert S. (contributor) - 2008

Persistent link: https://www.econbiz.de/10003641757

Do bubbles lead to overinvestment? : a revealed preference approach

Chirinko, Robert S.; Schaller, Huntley - 2011

firms in making their investment decisions. We use a revealed preference approach that relies on the pattern of investment … spending - combined with investment theory - to estimate the discount rates used by managers. The standard story predicts that … firms with high stock prices and good investment opportunities should have discount rates that do not differ systematically …

Persistent link: https://www.econbiz.de/10009153871

On the German monetary transmission mechanism : interest rate and credit channels for investment spending

Chirinko, Robert S.; Kalckreuth, Ulf von - 2003

The transmission channels through which monetary policy affects business investment remain opaque. This paper examines … the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal …

Persistent link: https://www.econbiz.de/10011514118

The irreversibility premium

Chirinko, Robert S. (contributor); … - 2008

Persistent link: https://www.econbiz.de/10003662980

Corporate taxation, capital formation, and the substitution elasticity between labor and capital

Chirinko, Robert S. - 2002

This study provides some perspective on analyzing the effects of corporate taxation on capital formation. Our framework translates tax policy legislation into real outcomes, and identifies three parameters that play a central role in determining the impact on policy. The remainder of the paper...

Persistent link: https://www.econbiz.de/10011409809

The marginal product of capital : a persistent international puzzle

Chirinko, Robert S. (contributor); … - 2008

Large and sustained differences in marginal products of capital (MPKs) across countries are sharply at odds with the core implications of the neoclassical framework. Lucas (1990) and many subsequent studies have examined reasons for this MPK differential. In a recent contribution, Caselli and...

Persistent link: https://www.econbiz.de/10003751180

International capital allocations and the Lucas Paradox redux

Chirinko, Robert S.; Mallick, Debdulal - 2019

This paper studies the marginal product of private capital (MPK) with new data and a new framework to obtain a better understanding of international capital allocations and the Lucas Paradox (LP). Our point of departure is three influential studies of MPK's and, based on the most recently...

Persistent link: https://www.econbiz.de/10012057304

Noise vs. news in equity returns

Chirinko, Robert S. (contributor); Foad, Hisham (contributor) - 2006

Persistent link: https://www.econbiz.de/10003377317