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investigates the impact that firms’ financial health has on their investment and employment decisions. The results indicate that … flow, indebtedness and the debt burden appear to be relevant for explaining investment and employment dynamics. Likewise … companies in a less sound financial situation, and suggest that the role of financial factors in explaining investment and …
Persistent link: https://www.econbiz.de/10012530553
crecimiento empresarial y en los inventarios es menos robusto ; We assess the impact of credit constraints on investment … challenge is a potential reverse-causality bias, 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 …
Persistent link: https://www.econbiz.de/10012530600
real activity. Credit supply shocks have sizable direct and downstream propagation effects on investment and output …
Persistent link: https://www.econbiz.de/10012530602
¿Cuáles son los efectos de una burbuja inmobiliaria sobre el resto de la economía? En este trabajo mostramos que, si las empresas y los bancos están restringidos, una burbuja inmobiliaria inicialmente reduce el crédito a empresas no relacionadas con el sector inmobiliario. Esto es así...
Persistent link: https://www.econbiz.de/10012532170
affects investment and firm finance in the United States and the United Kingdom. Younger firms paying no dividends exhibit the … or liquidity – and drive the response of aggregate investment. Older companies, in contrast, hardly react at all. After a … amplifying the effects of monetary policy on investment …
Persistent link: https://www.econbiz.de/10012532213
affected. This appears to have been a determining factor behind the buoyancy observed in investment in capital goods during the … current crisis, as the sectors representing a higher relative share of investment are those that, broadly speaking, have been … planned investment projects. Lastly, general government has also played a key role in sustaining investment in capital goods …
Persistent link: https://www.econbiz.de/10013186299
mechanism behind this finding, we first explore the intensive margin and show that high-MRPK firms increase their investment and …
Persistent link: https://www.econbiz.de/10013494474
Rationale Cyclical fluctuations in investment are usually sharper than fluctuations in other components of aggregate …’ confidence (the drivers traditionally studied in the literature) in the behaviour of investment under such atypical cyclical … circumstances as those derived from the pandemic and the energy crisis. Takeaways •The results show that investment responds …
Persistent link: https://www.econbiz.de/10014313347
finance side, investment and asset management. Collectively, individual goals will enable the ultimate global goal to be met … adoption by the investment and portfolio management sector, as well as by financial institutions and other firms. •The …
Persistent link: https://www.econbiz.de/10014413130
The purpose of this work is to empirically assess the validity of the Capital Asset Pricing Model (CAPM) in terms of how can it model an equity’s return. The goal of this work is not to challenge the theory behind CAPM, nor compare it to alternatives, but simply to test whether or not it is...
Persistent link: https://www.econbiz.de/10009430254