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investors supply them. Because of this, bubbly episodeschannel resources towards productive investment raising the growth rates …We develop a stylized model of economic growth with bubbles. In this model, financial frictions leadto equilibrium … dispersion in the rates of return to investment. During bubbly episodes, unproductiveinvestors demand bubbles while productive …
Persistent link: https://www.econbiz.de/10005870349
Steuerbarkeit der Investition erlaubt. …
Persistent link: https://www.econbiz.de/10005840349
A widely recognized paper by Colin Mayer (1988) has led to a profound revision of academic thinking about financing patterns of corporations in different countries. Using flow-of-funds data instead of balance sheet data, Mayer and others who followed his lead found that internal financing is the...
Persistent link: https://www.econbiz.de/10005840367
What determines the firm's choice of its mechanism of investment financing? How is the choice of the firm's financing … model of the credit market where the equilibrium lending mechanism, as well as the economy's aggregate investment and output …
Persistent link: https://www.econbiz.de/10009360911
Bereits 1970 betrug der Anteil des Leasings an den Investitionsfinanzie-rungen drei Prozent, heute sind es bereits 17 Prozent mit zunehmender Tendenz. Der größte Anteil entfällt auf Mobilien mit ca. 90 Prozent. Bei einer Umfrage zur künftigen Bedeutung von alternativen...
Persistent link: https://www.econbiz.de/10005863858
This study explores individual and country-level environmental drivers of informal “seed” investment. We examine four …,960 informal investors, we report drivers for the four types of seed investment. Descriptive statistics are consistent with prior …
Persistent link: https://www.econbiz.de/10005864583
We test the frequently made claim that SRI funds are conventionalfunds in disguise. For this purpose, we compare the portfolio holdings ofSRI funds to conventional funds concerning their social and environmentalstandards. Our empirical study of US equity funds shows that SRI fundshave a...
Persistent link: https://www.econbiz.de/10005856170
Der Begriff „Wachstum“ gehört zu den schillernden Schlagwörtern des politischen Alltags.2 Wachstum ist gut, und vieles scheint in Gefahr, wenn Wachstum ausbleibt. So führt Bundeskanzlerin Merkel in ihrer Regierungserklärung vom 10. November 2009 zum Beginn der neuen Legislaturperiode...
Persistent link: https://www.econbiz.de/10009248988
This paper embarks to analyse the role of exports and investment supposed to be major sources of economic growth in …
Persistent link: https://www.econbiz.de/10005854965
This paper analyzes how agency problems in nancial contracting determine risk-taking andinvestment. In perfect capital markets a risk-neutral rm would invest until the expectedmarginal return equals the interest rate. However, as rms with little net-worth face agencycost in nancial contracting...
Persistent link: https://www.econbiz.de/10005841020