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We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2016. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find that returns of equity and other asset classes often underperform following...
Persistent link: https://www.econbiz.de/10013242872
We investigate asset returns around banking crises in 44 advanced and emerging economies from 1960 to 2018. In contrast to the view that buying assets during banking crises is a profitable long-run strategy, we find returns of equity and other asset classes generally underperform after banking...
Persistent link: https://www.econbiz.de/10013227328
paper extends the works of Myers, Myers and Pogue and Lev to include individual investment project decisions to the global … into the capital investment decision of the firm. The model shows that a firm's production decision (buy or build), the …
Persistent link: https://www.econbiz.de/10013109363
We study the drivers of investment in Italy during the global financial crisis and the sovereign debt crisis. We focus … investment rate of 1.9 and 1.4 percentage points (36 and 41 per cent of its mean) during each crisis. We also find that expected …. Overall, ex-ante high firm indebtedness has been an important driver of the lower investment rate over the last decade …
Persistent link: https://www.econbiz.de/10012919562
' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our …
Persistent link: https://www.econbiz.de/10011671647
Persistent link: https://www.econbiz.de/10012182279
Building on the vast literature, this paper focuses on the role of the structure of the international investment …
Persistent link: https://www.econbiz.de/10012517927
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Persistent link: https://www.econbiz.de/10014248804