Showing 1 - 10 of 15,373
This paper considers Google’s creation of investment value through its focus on technological advances that lead to job …-term investment. …
Persistent link: https://www.econbiz.de/10011212387
Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur … entrepreneur's unique investment opportunity, and it is shown in a standard model of irreversible investment that includes the … risks, and lowers the investment threshold. Compensating the lender for expected default losses reduces project …
Persistent link: https://www.econbiz.de/10005076954
In a frictionless milieu retentions should have no impact on investment behavior. However, empirical studies typically … find that retentions are an important determinant of investment. Managerial discretion and financial constraints are two … of retentions as a determinant of investment. Measures of Tobin’s Q, marginal q and sales accelerator are used to control …
Persistent link: https://www.econbiz.de/10005190438
consistent with the following features of popular investment advice <p> which have been pointed out as puzzles: (i) a decreasing … fraction of stocks in the <p> portfolio as time passes towards the investment horizon, and (ii) a higher bond to <p> stock … <p> to obtain a match between the optimal asset allocations and observed investment <p> recommendations for \aggressive …
Persistent link: https://www.econbiz.de/10005644705
exceeds its pre-liberalization mean by an average of 4.1 percentage points. Cross-sectional changes in investment are … stock growth in almost every specification; firm-specific changes in risk premia do not affect investment. …
Persistent link: https://www.econbiz.de/10010616055
An information transaction entails the purchase of information. Formally, it consists of an information structure together with a price. We develop an index of the appeal of information transactions, which is derived as a dual to the agent’s preferences for information. The index of...
Persistent link: https://www.econbiz.de/10010570903
effects, but its real impacts have not been studied extensively. We find that both country- and firm-level investment growth … marginal investment decisions are more equity-reliant. …
Persistent link: https://www.econbiz.de/10010719323
investment. Therefore, real economy sectors—which require relatively high debt financing and whose value and investment activity …
Persistent link: https://www.econbiz.de/10011118066
This study examines the effect of oil prices on domestic investment in Ghana using quarterly time series data from 1984 … investment in Ghana. The analysis revealed that there is long run relationship between domestic private investment, oil price … investment. This indicate that shock in oil prices leads to a reduction in investment. It is therefore recommended that …
Persistent link: https://www.econbiz.de/10011113216
Using a dynamic (stochastic-factor) portfolio model, we devise a method to estimate the impact of the oil price on the stock market. We apply our approach to the Jamaican financial market. Our result indicates a negative weak relationship between the oil price and the stock index. - Attraverso...
Persistent link: https://www.econbiz.de/10011165624