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Empirical evidence suggests that capital structure varies across firms facing different levels of information asymmetry, however, this evidence contradict the prediction of pecking order hypothesis. Although debt capacity constraints offer some explanation for this discrepancy, it fails to...
Persistent link: https://www.econbiz.de/10011771645
rate of profit and its components - profit share, capacity utilization rate, and capacity-capital ratio - on investment …. Our results show that: (a) the rate of profit has both short and long run positive impacts on investment; (b) the profit … contemporaneous positive impact on investment. …
Persistent link: https://www.econbiz.de/10011522167
analysis further identifies sources of financing in these subsectors and discusses future investment and financing challenges …
Persistent link: https://www.econbiz.de/10012180399
Persistent link: https://www.econbiz.de/10008648890
We examined investment behavior in the Japanese manufacturing industry using investment revision data to analyze … investment behavior from a fresh angle. We tested the martingale investment hypothesis and then the q-theory of investment by … looking at the response of stock return and investment to news arriving at firms. The martingale hypothesis was generally …
Persistent link: https://www.econbiz.de/10003407387
If the relation between investment and economic growth is well established in the macroeconomic literature, the … linking investment and firm performance in the French and Italian manufacturing industries. It does so by putting forth a … novel methodology to identify investment spikes that corrects for size dependence. While maintaining the desired properties …
Persistent link: https://www.econbiz.de/10009709518
The way of providing financial sources for investment in the manufacturing is important subject to study the process of … the absence of active industrial goods. In this article we intend to survey the effect of oil revenues on investment of … investment in chemical industry and machinery that dependent on oil materials and importing capital and intermediaries goods has …
Persistent link: https://www.econbiz.de/10013139537
If the relation between investment and economic growth is well established in the macroeconomic literature, the … linking investment and firm performance in the French and Italian manufacturing industries. It does so by putting forth a … novel methodology to identify investment spikes that corrects for size dependence. While maintaining the desired properties …
Persistent link: https://www.econbiz.de/10013086776
By incorporating energy-saving through both technology-embodied investment and embodied investment-specific technical … with heterogeneous investment, this paper deepens our understanding of the avenues through which firms adjust to rising … affecting energy pricing and the cost of investment finance across firms of different ownership types …
Persistent link: https://www.econbiz.de/10012840645
Standard models fail to explain variation in UK capital investment. This paper develops and tests a new theory based on … the insights of Edmond Malinvaud, in which investment under uncertainty is adjusted to balance the cost of excess and …, we obtain unique cointegrating relationships for the model, linking investment, profitability and capacity utilization …
Persistent link: https://www.econbiz.de/10012760900