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There is ample evidence from economic growth literature that investment accelerates economic growth and development of … focused more on encouraging private sector investment through the development of the financial sector. This paper investigates … the short- and long-run impact of financial development on private investment in Ghana for the years 1970 …
Persistent link: https://www.econbiz.de/10011610224
Persistent link: https://www.econbiz.de/10002921322
All participants in capital markets are asking how to finance investments or to invest money available. The answer to these questions depends on the situation you have: deficit or surplus capital. This article addresses issues concerning the place and role of capital market within the financial...
Persistent link: https://www.econbiz.de/10011992017
provides an exhaustive analysis of casuality between aggregate private investment and financial development. GMM estimation on …
Persistent link: https://www.econbiz.de/10012733054
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431645
corporate investment. We show that in a sample of publicly listed firms in 10 advanced and emerging markets economies during the … period 1990–2013, bank systemic risk is positively associated with the corporate investment, after controlling for a large … corporate investment varies, depending on firm size and growth opportunities …
Persistent link: https://www.econbiz.de/10012971426
We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generate realistic correlations between investment, q, and cash flow …
Persistent link: https://www.econbiz.de/10014050959
and investment. Based on the literature considered, it can be concluded that there is little consensus to date on the … direction of causality between financial development and investment. The study concludes that most of the research done on the … causal relationship between financial development and investment is highly skewed towards assessing the causal relationship …
Persistent link: https://www.econbiz.de/10011877345
Persistent link: https://www.econbiz.de/10013262818
We examine whether capital flows more to high Tobin's q industries and find that it flows more to high q industries from 1971 until 1996 but not from 1997 to 2014. This change is due to a decrease in the q-sensitivity of equity funding resulting mostly from the increased q-sensitivity of...
Persistent link: https://www.econbiz.de/10011969138