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Production smoothing and the shape of the cost function
Galeotti, Marzio; Guiso, Luigi; Sack, Brian; … - 1997
We present estimates of inventory models based on firm level panel data and investigate whether over-simplified specification of the production technology may account for the frequent failure to find technological incentives to smooth production in the context of the standard linear-quadratic...
Persistent link: https://www.econbiz.de/10011608286
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Inventories, Production Smoothing and the Shape of the Cost Function
Galeotti, Marzio; Guiso, Luigi; Sack, Brian; … - C.E.P.R. Discussion Papers - 1997
In this paper we present estimates of inventory models based on firm level panel data and investigate whether an over-simplified specification of the production technology may account for the failure to find technological incentives to smooth production in the context of the standard...
Persistent link: https://www.econbiz.de/10005667011
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Inventories, Production Smoothing and the Shape of the Cost Function
Galeotti, Marzio; Guiso, Luigi; Sack, Brian P.; … - 2004
In this paper, we present estimates of inventory models based on firm level panel data and investigate whether an over-simplified specification of the production technology may account for the failure to find technological incentives to smooth production in the context of the standard...
Persistent link: https://www.econbiz.de/10014028570
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Zeroes and Lumps in Investment: Empirical Evidence on Irreversibilities and Non-Convexities
Nilsen, Oivind Anti; Schiantarelli, Fabio - Department of Economics, Boston College - 1996
distribution of investment rates. We then present two pieces of econometric evidence on these issues. First, we estimate a discrete … hazard model to determine the probability of having an episode of high investment, conditional on the length of the interval … from the last high investment episode and we discuss what the empirical results suggest about the shape of the adjustment …
Persistent link: https://www.econbiz.de/10004968798
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Firms' Financial and Real Responses to Monetary Tightening: Evidence for Large and Small Italian Companies
Rondi, Laura; Sack, Brian; Schiantarelli, Fabio; … - In: Giornale degli Economisti 57 (1998) 1, pp. 35-64
in short-term dept and a steeper fall in both sales and inventory. Finally, inventory and fixed investment equations are … estimated in an ECM form. Consistently with our expectations, we find that both inventory and fixed investment decisions by …
Persistent link: https://www.econbiz.de/10005772679
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Financial Constraints and Investment: A Critical Review of Methodological Issues and International Evidence
Schiantarelli, Fabio - Department of Economics, Boston College - 1995
Persistent link: https://www.econbiz.de/10005027841
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Financial Markets, BanksÕ Cost of Funding, and FirmsÕ Decisions: Lessons from Two Crises
Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - Dipartimento di Economia e Finanza (DEF), Libera … - 2014
cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …
Persistent link: https://www.econbiz.de/10010791316
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Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises
Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - Institute for the Study of Labor (IZA) - 2013
firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …
Persistent link: https://www.econbiz.de/10010734428
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Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises
Schiantarelli, Fabio; Balduzzi, Pierluigi; Brancati, … - Department of Economics, Boston College - 2013
, resulted in lower investment, employment, and bank debt for younger and smaller firms. These effects dominate those of banks … aggregate investment and employment, and to a less efficient resource allocation. …
Persistent link: https://www.econbiz.de/10011132959
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Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises
Balduzzi, Pierluigi; Brancati, Emanuele; Schiantarelli, … - 2013
firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …
Persistent link: https://www.econbiz.de/10010328995