Showing 1 - 10 of 8,762
This paper analyzes gender differences in the investment activity of German small and medium sized enterprises (SMEs … if they invest, then their average investment rate is lower. These differences cannot entirely be explained by firm or … owner characteristics. Furthermore, women’s investment is less sensitive to cash flow, which indicates that it is unlikely …
Persistent link: https://www.econbiz.de/10010427612
Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … this relationship: the marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent …
Persistent link: https://www.econbiz.de/10010312014
monetary and other shocks. The theory predicts a positive effect of cash flow on investment, given fundamental determinants of … investment. I use an empirical method developed by Gilchrist and Himmelberg (1995, 1999), which has previously only been used to … its investment, controlling for any information in cash flow about investment opportunities. As predicted by the balance …
Persistent link: https://www.econbiz.de/10010320749
This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … invested. Furthermore, the difference between reversible and irreversible investment is crucial. The impact of volatility on … irreversible investment is far more larger than on reversible investment. In some cases, the amount of reversible investment will …
Persistent link: https://www.econbiz.de/10011506545
understood. The authors use data from Peru to analyze the determinants of within-industry share of skilled workers. They use a …
Persistent link: https://www.econbiz.de/10010397628
incentive effects of such reforms on the SMEs? investment decisions adopting simple present value model. Ceteris paribus tax …
Persistent link: https://www.econbiz.de/10010261282
We use newly-available Indian panel data to estimate how the returns to planting-stage investments vary by rainfall … realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a … the main instrument, that the return to agricultural investment depends substantially on the conditions under which it is …
Persistent link: https://www.econbiz.de/10010369064
not been considered in previous studies on investment even though most (if not all) panel data sets on firms are …Using a firm-level panel data set I assess whether dynamic models of in- vestment provide an empirically fruitful …) complementing the usual estimation of a distributed lag model. A correction term accounts for non-random sample attrition, which has …
Persistent link: https://www.econbiz.de/10010271144
investment spending as a VAR. Based on a panel of financial statement data for 6,408 German firms (44,345 datapoints …This paper proposes a new framework for studying the effects of monetary policy on business investment. Important … ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling …
Persistent link: https://www.econbiz.de/10010295752
The low capital mobility among OECD countries, signalled by a high saving-investment (SI) relation and known as the … static panel models. Thirdly, via scatter diagrams of cross section specific estimates we observe a different time evolution …
Persistent link: https://www.econbiz.de/10010296259