Similar Search Results

Asia’s stock markets : are there crouching tigers and hidden dragons?

Lipinsky, Fabian; Ong, Li Lian - 2014

Persistent link: https://www.econbiz.de/10010359852

Asia’s Stock Markets : Are There Crouching Tigers and Hidden Dragons?

Lipinsky, Fabian - 2014

Stock markets play a key role in corporate financing in Asia. However, despite their increasing importance in terms of … theory, as well as accounting literature, we find evidence of greater idiosyncratic influences in the pricing of Asia’s stock … stock pricing, which suggests that improvements in the regulation of securities markets in Asia could enhance the role of …

Persistent link: https://www.econbiz.de/10014411156

Production offshoring and investment by Japanese firms

Kang, Joong Shik; Piao, Shi - 2015

We trace Japanese corporate investment across different types of firms over the past decades and estimate the main determinants of investment. We find that there are differences in investment behavior between firms expanding abroad and those operating mainly in domestic markets. On the back of a...

Persistent link: https://www.econbiz.de/10011373921

Brexit referendum and business investment in the UK

Górnicka, Lucyna - 2018

In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK. An interaction term of potential trade costs after exiting the EU and a measure of firms' participation in global trade is used as a proxy for firm-level exposure to...

Persistent link: https://www.econbiz.de/10011978381

Economic policy uncertainty in Turkey

Jirasavetakul, La-Bhus Fah; Spilimbergo, Antonio - 2018

Uncertainty over economic policy plays a key role in economic outcomes. But evidence and quantification for emerging markets are elusive because of measurement and reverse causality issues. In this paper, we construct a news-based economic policy uncertainty (EPU) index for Turkey and assess how...

Persistent link: https://www.econbiz.de/10011978593

You are suffocating me! : firm-level evidence on crowding out

Cevik, Serhan - 2019

Literature on whether government spending crowds out or crowds in the private sector is large, but still without an unambiguous conclusion. Using firm-level data from Ukraine, this paper provides a granular empirical investigation to disentangle the impact of state-owned enterprises (SOEs) on...

Persistent link: https://www.econbiz.de/10012019825

Labor costs and corporate investment in Italy

Garcia-Macia, Daniel - 2020

The recovery of private investment in Italy has lagged its euro area peers over the past decade. This paper examines the role of elevated labor costs in hindering the recovery. Specifically, labor costs rose faster than labor productivity prior to the global financial crisis and have remained...

Persistent link: https://www.econbiz.de/10012177626

Entry costs and the macroeconomy

Gutiérrez Gallardo, Germán; Jones, Callum; Philippon, … - 2019

We combine a structural model with cross-sectional micro data to identify the causes and consequences of rising concentration in the US economy. Using asset prices and industry data, we estimate realized and anticipated shocks that drive entry and concentration. We validate our approach by...

Persistent link: https://www.econbiz.de/10012154591

Financial frictions and the great productivity slowdown

Duval, Romain; Hong, Gee Hee; Timmer, Yannick - 2017

We study the role of financial frictions in explaining the sharp and persistent productivity growth slowdown in advanced economies after the 2008 global financial crisis. Using a rich cross-country, firm-level data set and exploiting quasi-experimental variation in firm-level exposure to the...

Persistent link: https://www.econbiz.de/10011704627

Financial frictions, underinvestment, and investment composition : evidence from Indian corporates

Das, Sonali; Tulin, Volodymyr - 2017

This paper studies private investment in India against the backdrop of a significant investment decline over the past decade. We analyze the potential causes of weaker investment at the firm level, using both firm-level financial statements and a novel dataset on firms' investment project...

Persistent link: https://www.econbiz.de/10011704676

1
2
3
4
5
6
7
8
9
10
Next
Last