Showing 1 - 10 of 1,729
This paper contrasts the investment behavior of different financial institutions in debt securities as a response to … Statistics. Banks and investment funds respond in a pro-cyclical manner to past security-specific holding period returns. In …-cyclical investment behavior. …
Persistent link: https://www.econbiz.de/10011978714
This paper investigates in a non-linear setting the impact on the real economy of frictions stemming from the financial sector. We develop a medium scale DSGE model with a banking sector where an occasionally binding constraint on banks' capital induces a relevant non-linearity. The model -...
Persistent link: https://www.econbiz.de/10011976236
This paper explores the existence and importance of financing constraints for R&D investments in large EU and US manufacturing companies over the 2000-2007 period. The main results obtained by estimating error-correction equations suggest that the sensitivity of R&D investments to cash flow...
Persistent link: https://www.econbiz.de/10011980362
Persistent link: https://www.econbiz.de/10003993443
indicators characterizing the business and financial cycle could be a promising alternative for medium- and long-term investment …
Persistent link: https://www.econbiz.de/10012152009
or long-term unemployment, may occur during working years. Personal disaster risk alters lifetime ex-ante investment …
Persistent link: https://www.econbiz.de/10012793436
We study the relationship between net trade credit and firms' investment levels, focusing on financially distressed …
Persistent link: https://www.econbiz.de/10011820889
Brunnermeier et al. (2017) propose the introduction of sovereign bond-backed securities (SBBS) in the euro area. That and other papers assess how the securitisation would insulate senior bond holders from actual default-related losses. This paper generalises the assessment by using the VAR-based...
Persistent link: https://www.econbiz.de/10011848347
In this paper we have estimated a behavioural equation for R&D investment. We assess the impact of liquidity …
Persistent link: https://www.econbiz.de/10011981937
Firm investment, Intangible assets, Loan terms, Credit constraint, Survey data, Instrumental variable approachUsing … European firm-level data from a new survey, the EIBIS, we document the effect of bank loan terms on investment in intangible … benefit from the complementarities of these assets. We document the effect of loan conditions on investment intensity, as well …
Persistent link: https://www.econbiz.de/10012520775