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start-up enterprises if future losses of the start-up investment are partly covered by the government. …
Persistent link: https://www.econbiz.de/10010260453
In this paper, we show that Adam Smith pointed out the existence of the Feldstein-Horioka Paradox or Puzzle and even gave an explanation for it more than 200 years before the publication of Feldstein and Horioka (1980). Smith argues that it is the pursuit of their own security that leads owners...
Persistent link: https://www.econbiz.de/10010332269
stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the …
Persistent link: https://www.econbiz.de/10010332277
We examine quantitatively the extent to which financial distress in the 90s affected Japanese corporate investment …. Based on the firm-level data that includes small, unlisted firms, we estimate investment function to measure the impact of … financial distress on investment. We find that the firm's ratio of debt to total asset exerts a significantly negative effect on …
Persistent link: https://www.econbiz.de/10010332354
We investigate the incentives for facility-based firms to invest in infrastructure upgrades and to foreclose service-based firms. We focus on asymmetric regulation regarding servicebased firms' access to the infrastructure held by a facility-based firm. Spillovers from the infrastructure...
Persistent link: https://www.econbiz.de/10010332381
's variable costs is significant, and that in its sunk investment is weak. Investment may be greater when the number of trading …
Persistent link: https://www.econbiz.de/10010332385
We study the implications of product market competition and investment for price setting, wage bargaining and thereby …
Persistent link: https://www.econbiz.de/10010261822
We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …
Persistent link: https://www.econbiz.de/10010261921
dynamics as investment conditions are similar. Our results are consistent with this hypothesis. Furthermore, there is no …
Persistent link: https://www.econbiz.de/10010261963
competitors. Because workers participate in the returns on investment while only firms bear the costs, investment is inefficiently … low. A binding minimum wage can achieve the first-best level of investment, both in the short run for a given number of …
Persistent link: https://www.econbiz.de/10010267488