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observed from 1996 to 2001. Our model allows for risk, risk attitudes and the intertemporal investment decisions. We also allow …
Persistent link: https://www.econbiz.de/10009443234
, including the growth of income from financial subsidiaries and investment as well as growth in the transfer of earnings to … explore the relationship between financialization in the U.S economy and real investment at the firm level. Using data from a … sample of non-financial corporations from 1973 to 2003, I find a negative relationship between real investment and …
Persistent link: https://www.econbiz.de/10009467773
investment behaviour, consumption behaviour and government expenditures, investigating to what extent changes are related to … financialization. Households experience higher debt levels. Rising profits of businesses come with only moderate investment. The notion …
Persistent link: https://www.econbiz.de/10009468084
needs of the relatively low growth divisions for less investment and the needs of the relatively high growth divisions for … more investment. Higher differences in growth opportunities imply that more capital is misallocated. This study finds that … for a spinoff. Spinoffs should result in a shift to the “right" investment policy and to better operating performance for …
Persistent link: https://www.econbiz.de/10009475068
state, on the whole. Specifically, I examine three aspects associated with globalization, trade openness, investment and IMF … that open trade and investment lead to improved personal integrity rights. In addition, investment which originates from …
Persistent link: https://www.econbiz.de/10009475090
Unlike the prediction of a frictionless open economy model, long-term average savings and investment rates are highly … that the calibrated model with both frictions produces a savings–investment correlation and a volume of capital flows close …
Persistent link: https://www.econbiz.de/10009476626
decision effects. Also, we do not find evidence that myopic markets lead to under-investment at the establishment level. On the …
Persistent link: https://www.econbiz.de/10009476643
We examine financial constraints and forms of finance used for investment, by analysing survey data on 157 large … assets as appropriate types of finance for their investment programmes. Preferences for raising finance in the form of equity …
Persistent link: https://www.econbiz.de/10009476697
The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign … microeconomic decisions. A dynamic investment function with symmetric adjustment cost function based on the Euler equation has been … estimated. The derived and estimated investment function accounts for export sales in order to determine whether firms evaluate …
Persistent link: https://www.econbiz.de/10009476702
asymmetry is the response of nonresidential fixed investment to energy price shocks. In the third chapter, I show that the … apparent asymmetry in the estimated responses of business fixed investment in equipment and structures is largely an artifact … expenditures, and (2) of ignoring an exogenous shift in investment caused by the 1986 Tax Reform Act. Once symmetry is imposed and …
Persistent link: https://www.econbiz.de/10009477136