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Financial Frictions, Investment and Tobin's Q
Lorenzoni, Guido - 2007
We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …
Persistent link: https://www.econbiz.de/10012776954
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Financial Frictions, Investment and Tobin's q
Lorenzoni, Guido - 2007
We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …
Persistent link: https://www.econbiz.de/10012465562
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Financial Frictions Investment and Tobin's q
Lorenzoni, Guido; Walentin, Karl - 2007
We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generate realistic correlations between investment, q, and cash flow …
Persistent link: https://www.econbiz.de/10014050959
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The 2007-2008 global financial crisis and the investment-cash flow sensitivities : some evidence from an emerging market
Moyo, Vusani - In: African journal of business and economic research : AJBER 18 (2023) 2, pp. 275-293
Persistent link: https://www.econbiz.de/10014567040
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Institutional weakness and stock price volatility
Hale, Galina; Razin, Asaf; Tong, Hui - 2006
Persistent link: https://www.econbiz.de/10003330122
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Institutional weakness and stock price volatility
Hale, Galina; Razin, Asaf; Tong, Hui - 2006
Persistent link: https://www.econbiz.de/10003306837
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The firm-level credit multiplier
Campello, Murillo; Hackbarth, Dirk - 2012
Persistent link: https://www.econbiz.de/10009500262
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Why does the law matter? : investor protection and its effects on investment, finance, and growth
McLean, R. David; Tianyu, Zhang; Zhao, Mengxin - In: The journal of finance : the journal of the American … 67 (2012) 1, pp. 313-350
Persistent link: https://www.econbiz.de/10009507982
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Measuring the functional efficiency of capital markets
Eklund, Johan E. (contributor); Desai, Sameeksha (contributor) - 2008
We apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with...
Persistent link: https://www.econbiz.de/10003724204
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Market development and the asset growth effect : international evidence
Titman, Sheridan; Wei, K. C. John; Xie, Feixue - In: Journal of financial and quantitative analysis : JFQA 48 (2013) 5, pp. 1405-1432
Persistent link: https://www.econbiz.de/10010343642