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investment - results that are consistent with the model's predictions. …
Persistent link: https://www.econbiz.de/10010283384
investment - results that are consistent with the model's predictions. -- investment ; stock market ; bubble ; dispersion …
Persistent link: https://www.econbiz.de/10001936312
Persistent link: https://www.econbiz.de/10012792355
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
-level investment over the business cycles from 1977 to 2011. A dynamic econometric specification of capital accumulation including … find that the investment effects of the variables capturing the demand-side of the capital market, i.e. sales growth and … Tobin's q, behave counter-cyclically, whereas this does not hold for the investment effects of supply-side variables such as …
Persistent link: https://www.econbiz.de/10010460531
-level investment over the business cycles from 1977 to 2011. A dynamic econometric specification of capital accumulation including … find that the investment effects of the variables capturing the demand-side of the capital market, i.e. sales growth and … Tobin's q, behave counter-cyclically, whereas this does not hold for the investment effects of supply-side variables such as …
Persistent link: https://www.econbiz.de/10009746995
The corporate finance literature documents that managers tend to overinvest into physical assets. A number of theoretical contributions have aimed to explain this stylized fact, most of them focussing on a fundamental agency problem between shareholders and managers. The present paper shows that...
Persistent link: https://www.econbiz.de/10011285326
The corporate finance literature documents that managers tend to over-invest in their companies. A number of theoretical contributions have aimed at explaining this stylized fact, most of them focusing on a fundamental agency problem between shareholders and managers. The present paper shows...
Persistent link: https://www.econbiz.de/10011895831
Persistent link: https://www.econbiz.de/10011432954
Persistent link: https://www.econbiz.de/10000671913