Showing 1 - 10 of 314
the impact of state-owned enterprises (SOEs) on private firm investment in Ukraine-a large transition economy. Controlling …
Persistent link: https://www.econbiz.de/10012019825
The recovery of private investment in Italy has lagged its euro area peers over the past decade. This paper examines … capacity to invest. Empirical analysis provides evidence for the impact of wages on investment at the sectoral and firm levels …. Sectoral wage growth seems unrelated to sectoral productivity growth, but is negatively associated with investment. Firm …
Persistent link: https://www.econbiz.de/10012177626
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
In this paper I apply firm-level analysis to examine how the Brexit process has affected business investment in the UK … had a considerable and statistically significant negative impact on firm investment in the UK after the referendum. At the … same time, the post-referendum sterling depreciation has likely contributed positively to investment expenditure by more …
Persistent link: https://www.econbiz.de/10011978381
irreversible investment are more exposed to policy uncertainty. In sectors with large irreversible investment EPU has a greater … effect on growth, investment, and leverage. The results are robust to different definitions of investment irreversibility …
Persistent link: https://www.econbiz.de/10011978593
capital investment using Italian company data. The approach recognizes that firm-level investment spending may, itself, be … aggregated over multiple investment decisions in separate types of capital goods and emphasizes effects of uncertainty on short …-run investment dynamics. Using a survey-based measure of uncertainty related to the assessment of managers responsible for the firms …
Persistent link: https://www.econbiz.de/10014404177
This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the … importance of zero investment episodes and lumpy investment. The proportion of firms experiencing large investment spikes is … significant in explaining aggregate manufacturing investment. Taken together, evidence from descriptive statistics, average …
Persistent link: https://www.econbiz.de/10014400554
This paper models investment/entry decisions in a competitive industry that is subject to a quantity control on an … permit or a production license). The paper shows that liberalizing the quantity control could reduce investment in the … industry under certain circumstances. Furthermore, the level of investment is quite different when licenses are tradable than …
Persistent link: https://www.econbiz.de/10014401229
This paper analyzes the strategic role of investment from a debtor country’s perspective. The framework is one in which … this framework, the paper shows that productive investment may increase or decrease the bargaining power of the debtor …
Persistent link: https://www.econbiz.de/10014396211
This paper uses the financial crisis of 2008 as a natural experiment to demonstrate that when measuring investment …-cash flow sensitivity, the value of a firm''s assets that can be used as collateral should be taken into account. Using panel … investment-cash flow sensitivity, which decreased substantially after the crisis when banks changed their expectations about the …
Persistent link: https://www.econbiz.de/10014396632