Showing 1 - 10 of 1,231
This paper proposes one measure for the productivity of banks and studies how it affects the sensitivity of a client firm's capital investment with respect to investment opportunity. As a direct measure for the productivity of banks, we employ the risk-adjusted profit of an individual bank,...
Persistent link: https://www.econbiz.de/10009154055
This article tests the hypothesis that financial supply-side shifts help to explain the low-investment climate of private firms in Germany. The core contention is that a firm's financial position contributes to its access to external finance on credit markets. Special emphasis is put on small...
Persistent link: https://www.econbiz.de/10011317318
This paper attempts to test whether financial supply-side shifts explain the low-investment climate of private firms in Germany. The core contention is that a firm's financial position contributes to its access to external finance on credit markets. Special emphasizes is put on small and...
Persistent link: https://www.econbiz.de/10010425733
Critical review of investment-economic performance literatures in economics and strategic management indicates that more capital investment does not seem to contribute to higher national economic growth or to higher corporate profitability. Instead, greater utilization of capital and human...
Persistent link: https://www.econbiz.de/10014217622
This study identifies several interrelated reasons why firms' depreciation method choice is likely to influence … managers' capital investment decisions. We find that firms that use accelerated depreciation make significantly larger capital … investments than firms that use straight-line depreciation. Further, we find that there has been a migration away from accelerated …
Persistent link: https://www.econbiz.de/10013116998
introduce a targeted temporary super depreciation allowance to support much-needed green and digital transitions. Using a …
Persistent link: https://www.econbiz.de/10013285588
The Republic of Serbia is characterized by an unsatisfactory macroeconomic environment. Under the conditions of an evident shortage of liquid assets, the financial capital has moved from real to the financial sector, which led companies to over-indebtedness and shutdown of their own capacities....
Persistent link: https://www.econbiz.de/10012953816
The accuracy of firm information disclosures and the efficiency of long-term investment both play crucial roles in the economy and capital markets. We estimate a dynamic model that captures a trade-off between these two goals that arises when managers confront realistic incentives to misreport...
Persistent link: https://www.econbiz.de/10012853419
In this paper we study the capital adjustment process in Swedish manufacturing firms and relate the empirical findings to standard models of firm behavior in the presence of impediments to capital adjustments. We find that (i) a model with irreversible capital goes a very long way in capturing...
Persistent link: https://www.econbiz.de/10010321704
This paper analyses the effects of price and market size variables on the investment propensities in the pulp and paper industry. A panel of 15 European countries in the time period 1984 - 1997 is used in the regression analysis. We find the wages, the US/ECU exchange rate, the price of paper...
Persistent link: https://www.econbiz.de/10010334771