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Based on U.S. stock returns from 1973 to 2015, this study found that the asset growth anomaly does not seem to be pervasive and investable. The trading strategy is robust only among a tiny portion of the equity market in terms of both number of stocks and capitalization. In addition to...
Persistent link: https://www.econbiz.de/10012853698
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …
Persistent link: https://www.econbiz.de/10011792068
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …
Persistent link: https://www.econbiz.de/10012926939
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …
Persistent link: https://www.econbiz.de/10012955240
We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …
Persistent link: https://www.econbiz.de/10012928556
demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …
Persistent link: https://www.econbiz.de/10010271071
on capital investment activity but they have little effect on return effects related to net working capital and external …
Persistent link: https://www.econbiz.de/10012905750
I develop a model of mergers in which M&A deals are used to reallocate investment opportunities. In equilibrium … features of the merger data that I document, including the high productivity, investment, and valuation of target firms …
Persistent link: https://www.econbiz.de/10012975766
We examine interactions between investment and financing decisions in a dynamic model where the firm can alter the mix …. The lack of coordination between the timing of investment and debt financing helps explain a number of findings in the …
Persistent link: https://www.econbiz.de/10013008584
. These comovements generate large credit risk premia for investment grade firms, which helps address the "credit spread …
Persistent link: https://www.econbiz.de/10013155971