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Grundlagen der Investition und Finanzierung -- Investition -- Finanzierung -- Lösung zu den Kontrollaufgaben. …Ausgehend von einer Einführung in das Finanzwesen und die Finanzmathematik werden im vorliegenden Lehrbuch die Segmente … Investition und Finanzierung eingehend behandelt. Dabei wurde darauf geachtet, den Themenbereich sowohl aus finanztheoretischer …
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This paper investigates determinacy of equilibrium in a canonical New Keynesian model under different monetary and fiscal policy rules. It is shown that a simple monetary rule that responds aggressively to inflation is a necessary condition for equilibrium determinacy, when fiscal policy is...
Persistent link: https://www.econbiz.de/10010293451
This paper contributes to the empirical literature on the relationship between environmental regulation and firm behavior. In particular, we ask whether and how strongly investment decisions of firms respond to stringency in environmental regulation. Environmental stringency is measured as (i)...
Persistent link: https://www.econbiz.de/10010294840
The link between investment and finance usually enters the empirical literature in the form of financial constraints which are defined as the wedge between the costs of internal and external finance or as the risk of being rationed on the credit market. In this context, the sensitivity of...
Persistent link: https://www.econbiz.de/10010295432
The impact of uncertainty on firms' investment outlays is subject to an ongoing debate. Theory identifies several channels. Irreversibility, financing constraints and risk aversion make a negative relationship between uncertainty and investment likely. On the other hand, the ability of firms to...
Persistent link: https://www.econbiz.de/10010295693
This study examines the consequences of loan denials for the investment performance of small and medium-sized German enterprises. As a consequence of a loan denial, innovative companies experience a smaller drop in the share of actual to planned investment than non-innovative companies. The...
Persistent link: https://www.econbiz.de/10010300385
We study the negative correlation between natural resource-abundance and long-term income focusing on the savings-investment channel. We first present empirical evidence on this channel and then develop an OverLapping-Generations (OLG) model to study the issue. In this model, savings adjust...
Persistent link: https://www.econbiz.de/10011324959
Recent developments in investment research have highlighted the importance of non-convexities and irreversibilities in the firms' adjustment of quasi-fixed inputs. However, aggregation across capital goods may smooth out the discontinuities associated with the adjustment of individual assets....
Persistent link: https://www.econbiz.de/10011325051