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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
firm's capital investment with respect to investment opportunity. As a direct measure for the productivity of banks, we … the past three decades. The panel estimations for an extended investment equation based on Q-theory show, in a … to capital investment opportunities, provided that these firms hold close relationships with a high performance bank …
Persistent link: https://www.econbiz.de/10009154055
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
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/10011731026
We document that 20% of Compustat firms have above-median investment rates despite having below-median marginal product … features of the cross-section of firms and allows for counterfactual analysis. Hypothetical firm investment policies that … ignore the potential for future jumps reduce MPK and investment dispersion but also lower aggregate productivity …
Persistent link: https://www.econbiz.de/10014354150
corporate taxes on productivity and investment. Applying a differences-in-differences estimation strategy which exploits … investment analysis, the results suggest that corporate taxes reduce investment through an increase in the user cost of capital …
Persistent link: https://www.econbiz.de/10012444515
This paper examines the effect of firm-level investment in capital on export entry and productivity growth among … different firm size classes using matching and difference-in-differences techniques. We find that firm-level investment in … of exporting also grow their investment levels to consolidate market share. We show that micro and small firms that …
Persistent link: https://www.econbiz.de/10014352090
Methodologically, the recommended investment project (IP) selection system is distinguished from one in force by: new … conception allowing for time factor; evaluating IP efficiency by eventual reproduction results, not by intermediate investment … the investment success criterion …
Persistent link: https://www.econbiz.de/10013101098
We provide a framework to study how different allocation systems of public procurement contracts affect firm dynamics and long-run macroeconomic outcomes. We start by using a newly created panel data set of administrative data that merges Spanish credit register loan data, quasi-census...
Persistent link: https://www.econbiz.de/10013162101
Investment returns are produced by combining financial assets with human capital, the decision-making protocols of … investment institutions, and the electronic infrastructure which supports the flow of information about investment opportunities … fundamental to the performance of investment institutions. This paper provides a model of the production of investment returns in …
Persistent link: https://www.econbiz.de/10013046723