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The balance sheet channel of monetary policy transmission : evidence from the UK

Angelopoulou, Eleni; Gibson, Heather D. - 2022

This paper examines the sensitivity of investment to cash flow using a panel of UK firms in manufacturing with a view … debt accumulation), we also investigate the extent to which investment becomes more sensitive to cash flow in periods of … pioneered by Romer and Romer. The results provide some support for the view that UK firms show greater investment sensitivity to …

Persistent link: https://www.econbiz.de/10014080567

Financial investment constraints : a panel threshold application to German firm level data

Tarassow, Artur - 2014

This paper attempts to test whether financial supply-side shifts explain the low-investment climate of private firms in …

Persistent link: https://www.econbiz.de/10010425733

Corporate Investment and Shadow Banking Channel of Monetary Policy

Jiang, Bo - 2021

) to the monetary policy. I find that SOEs’ investment declines by 5% - 12% more than nonSOEs after a 100 basis point … credit spread of SOEs to nonSOEs, which further slows down the investment of SOEs compared to nonSOEs …

Persistent link: https://www.econbiz.de/10013215899

Monetary policy, cash holding and corporate investment : evidence from China

Yang, Xingquan; Han, Liang; Li, Wanli; Yin, Xingqiang; … - In: China economic review : an international journal 46 (2017), pp. 110-122

Persistent link: https://www.econbiz.de/10011910825

Investment-cash flow sensitivity : a macroeconomic approach

Guizani, Moncef - In: Macroeconomics and finance in emerging market economies 13 (2020) 2, pp. 115-139

Persistent link: https://www.econbiz.de/10012256199

Unexpected money growth, nonfinancial firms as large shareholders and investment-cash flow relationship : evidence from Vietnam

Nguyen Khac Quoc Bao; Bao Cong Nguyen To; Nham Thi Hong … - In: Journal of economics & business 119 (2022), pp. 1-12

Persistent link: https://www.econbiz.de/10013428991

The Impact of Monetary Policy on Financing of Czech Firms

Ruslan, Aliyev - 2016

This paper uses firm-level financial data for Czech firms in the period from 2003 to 2011 and tests for the role of companies' financial structure in the transmission of monetary policy. Our results indicate that higher short-term interest rates coincide with lower shares of total debt and...

Persistent link: https://www.econbiz.de/10012980761

Negative interest rates, COVID-19, and the finances of listed euro firms

Eije, Johan H. von - In: Central European review of economics and management : CEREM 5 (2021) 4, pp. 117-143

Aim: The paper measures the impact of negative interest rates on listed firms in the original euro zone countries. It also measures the impact of the first COVID-19 year. Design / research methods: The paper uses panel data to measure the influence of the short-term ECB deposit rate and the...

Persistent link: https://www.econbiz.de/10013202353

The balance sheet channel of monetary policy transmission : evidence from Nigeria

Olowofeso, Olorunsola E.; Bada, Abiodun S.; Bassey, Kufre J. - In: CBN journal of applied statistics 5 (2014) 2, pp. 95-116

This paper assesses the existence of a balance sheet channel of monetary policy transmission in Nigeria by examining whether variation in the official interest rate, with respect to the 2007- 2008 global financial crisis, feeds through to the deposit money banks (DMBs) balance sheets, and...

Persistent link: https://www.econbiz.de/10011489517

A Vectorautoregressive Investment Model (VIM) and monetary policy transmission : panel evidence from German firms

Breitung, Jörg; Chirinko, Robert S.; Kalckreuth, Ulf von - 2003

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 … investment spending as a VAR. Based on a panel of financial statement data for 6,408 German firms (44,345 datapoints …

Persistent link: https://www.econbiz.de/10001754721