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The impact of financial position on investment : an analysis for non-financial corporations in the euro-area
Martínez Carrascal, Carmen; Ferrando, Annalisa
Incluye bibliografía ; This paper analyses the impact that firms' financial position has on investment decisions using … capital expenditures, as financial pressure appears relevant in explaining investment dynamics when it is proxied by cash flow …, indebtedness and debt burden. The results also show differences in the sensitivity of investment rates to changes in financial …
Persistent link: https://www.econbiz.de/10012530214
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Some evidence on financial factors in the determination of aggregate business investment
Ashworth, P; Davis, EP - 2001
Standard theories of investment behaviour have concentrated on the neoclassical andTobin?s Q approaches, with most … approaches, are relevant determinants of business fixed investment above those variablesnormally included in traditional … macroeconomic investment functions. The results indicate a widerincidence of these financial effects on investment than the existing …
Persistent link: https://www.econbiz.de/10009481452
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The impact of firms' financial position on fixed investment and employment : an analysis for Spain
Herranz González, Fátima; Martínez Carrascal, Carmen - 2017
investigates the impact that firms’ financial health has on their investment and employment decisions. The results indicate that … flow, indebtedness and the debt burden appear to be relevant for explaining investment and employment dynamics. Likewise … companies in a less sound financial situation, and suggest that the role of financial factors in explaining investment and …
Persistent link: https://www.econbiz.de/10012530553
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14.661 Labor Economics I, Fall 2006
Pischke, Jorn-Steffen; Angrist, Joshua - 2006
Neoclassical analysis of the labor market and its institutions. A systematic development of the theory of labor supply, labor demand, and human capital. Topics discussed also include wage and employment determination, turnover, search, immigration, unemployment, equalizing differences, and...
Persistent link: https://www.econbiz.de/10009432547
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Three essays on bank balance sheets and disruptions in the supply of intermediated credit
Kandrac, John Paul - 2011
xi, 101 p. : col. ill.
Persistent link: https://www.econbiz.de/10009447401
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Monetary Transmission Mechanism in Central & Eastern Europe: Gliding on a Wind of Change
Coricelli, Fabrizio; Égert, Balázs; MacDonald, Ronald - 2006
This paper surveys recent advances in empirical studies of the monetary transmission mechanism (MTM), with special attention to Central and Eastern Europe. In particular, while laying out the functioning of the separate channels in the MTM, it explores possible interrelations between different...
Persistent link: https://www.econbiz.de/10009476887
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Credit supply : identifying balance-sheet channels with loan applications and granted loans
Jiménez Zambrano, Gabriel; Ongena, Steven; Peydró, … - 2010
To identify credit availability we analyze the extensive and intensive margins of lending with loan applications and all loans granted in Spain. We find that during the period analyzed both worse economic and tighter monetary conditions reduce loan granting, especially to firms or from banks...
Persistent link: https://www.econbiz.de/10012530305
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Dampening the financial accelerator? Direct lenders and monetary policy
Banerjee, Ryan; Serena Garralda, José Mª
Los prestamistas directos, entidades financieras de crédito no bancarias que operan con un reducido apalancamiento, se han convertido de modo gradual en importantes actores en los mercados de préstamos corporativos. En este trabajo investigamos el papel que han desempeñado en la transmisión...
Persistent link: https://www.econbiz.de/10012801488
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Bank lending and monetary policy transmission in Germany
Hülsewig, Oliver - 2003
This study investigates the credit channel in the transmission of monetary policy in Germany by means of a structural analysis of aggregate bank loan data. We base our analysis on a stylized model of the banking firm, which specifies the loan supply decisions of banks in the light of...
Persistent link: https://www.econbiz.de/10009433724
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The Dimensions of Reputation in Electronic Markets
Ghose, Anindya; Panagiotis, Ipeirotis; Sundararajan, Arun - 2008
We analyze how di erent dimensions of a seller's reputation a ectpricing power in electronic markets. We do so by using text miningtechniques to identify and structure dimensions of importance fromfeedback posted on reputation systems, by aggregating and scoring thesedimensions based on the...
Persistent link: https://www.econbiz.de/10009435030