Showing 21 - 30 of 13,553
The paper develops a model of firm´s investment under uncertainty with financial market imperfections and analyzes the … effects of financial constraints on firm´s investment. Firm´s investment is an increasing function of the firm´s marginal q …, however the investment function is characterized by an upper bound that depends on the firm´s borrowing capabilities. The firm …
Persistent link: https://www.econbiz.de/10010295307
This paper explores the existence and importance of financing constraints for R&D investments in large EU and US manufacturing companies over the 2000-2007 period. The main results obtained by estimating error-correction equations suggest that the sensitivity of R&D investments to cash flow...
Persistent link: https://www.econbiz.de/10011980362
just before the crisis reduced their investment rates 8.1 percentage points more than other publicly held firms. We also ….5 percentage points more than other exporters. These estimated reductions in investment are economically very significant …
Persistent link: https://www.econbiz.de/10012506592
to the private profit motivated considerations of the financial capitalists leads to the proposal to introduce investment … contributions and collective investment funds, democratically controlled by the wage and salary-earners. In this way the full …-euro-area trade deficits via direct investments in the deficit areas to increase their productivity. The wage-earner investment funds …
Persistent link: https://www.econbiz.de/10013063960
This paper considers an overlapping generations model in which capital investment is financed in a credit market with …
Persistent link: https://www.econbiz.de/10014194107
Firms often rely on external financing in order to conduct R&D. The question is to what extend discriminatory behaviour of the funds provider affects the industry evolution. The model is based on an evolutionary framework by Nelson and Winter. A firm chooses its R&D spending in an adaptive...
Persistent link: https://www.econbiz.de/10010458501
We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we … of adjustment, which have played a prominent role especially in the microeconometric literature on investment. With …
Persistent link: https://www.econbiz.de/10014024950
We consider to what extent the empirical failings of the Q model of investment can be attributed to the use of share … deviate significantly from fundamental values. Controlling for this, we find no evidence that the Q model of investment is …
Persistent link: https://www.econbiz.de/10010293012
We derive robust predictions on the effects of uncertainty on short run investment dynamics in a broad class of models … of the capital stock is ambiguous. An investment model is estimated to test these theoretical predictions using a panel …
Persistent link: https://www.econbiz.de/10010293014
In this paper we analyse the impact of policy uncertainty on foreign direct investment strategies. The paper follows …
Persistent link: https://www.econbiz.de/10010295367