Showing 1 - 10 of 4,543
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
We present evidence that referenda have a significant, detrimental outcome on investment. Employing an unsupervised … policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standarddeviation increase in Brexit uncertainty …
Persistent link: https://www.econbiz.de/10012212854
With functionally efficient capital markets, we expect capital to flow more to the industries with the best growth opportunities. As a result, these industries should invest more and see their assets grow more relative to industries with the worst growth opportunities. We find that industries...
Persistent link: https://www.econbiz.de/10011962227
known as intangibles, suggest that their share in overall investment has grown considerably. Still, intangible investment is … rarely present in investment models. In this paper, I extend the q-theory of investment to model explicitly the decision of … movements in the measurement of the contribution of each type of investment to the overall capital stock. In particular, given …
Persistent link: https://www.econbiz.de/10003919317
corporate investment. We document that in a sample of publicly listed firms in the United States over the period 1991-2013, bank … systemic risk is positively associated with the firm-level investment ratio after controlling for a large set of country … risk on corporate investment, suggesting that more financially constrained firms experience a larger effect of bank …
Persistent link: https://www.econbiz.de/10012965541
, scope, and investment decisions, and we outline their connection to recent macroeconomic and financial trends in the US …
Persistent link: https://www.econbiz.de/10013362030
We study the time-varying effects of Tobin's q and cash flow on investment dynamics in the USA using a vector … variation over time of the response of investment to shocks in both variables. The time-varying sensitivity of investment to a … show that, although Tobin's q and cash flow are complementary sources of information for investment decisions, their …
Persistent link: https://www.econbiz.de/10014483612
This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into … independence matters for both investment and financial decisions. Investment increases under an Independent Regulatory Agency (IRA … privately controlled. Finally political orientation does matter, as firm investment increases under more conservative (pro …
Persistent link: https://www.econbiz.de/10008729094
policy. Increases in federal spending lead government-dependent firms to expand R&D investment whereas industry-peer firms … contract. The net result is a reduction in industry-level R&D investment. We find evidence of a novel mechanism for the … crowding out of peer-firm investment: peer-firm managers respond to falling relative performance by cutting R&D to manage …
Persistent link: https://www.econbiz.de/10012856287