Showing 1 - 10 of 26,823
-being of residents. A provision of the Tax Cuts and Jobs Act aimed to spur private investment in low-income areas called … Opportunity Zones (OZs). We evaluate the impact of OZs on investment using data on the near-universe of commercial retail, office … estimates of the effect of OZ eligibility on census tract-level investment. Additional data from MasterCard show no robust …
Persistent link: https://www.econbiz.de/10014451260
Contrary to mainstream consensus on the dominance of English common law countries in investment prospects, this paper … in private investment. The assessment is based on 38 African countries for the period 1996-2007. The law mechanisms of … North African) have influenced a plethora of investment dynamics (domestic, foreign, private and public). The dominance of …
Persistent link: https://www.econbiz.de/10011410380
intermediary channels of depth, efficiency, activity and size. The findings show that legal origin matters in the finance-investment … nexus, though its ability to explain aggregate investment dynamics only through financial intermediary channels is limited …
Persistent link: https://www.econbiz.de/10011410386
investigate the effect of FDI on private investment. It also explores if the relationship between FDI and private investment is … investment is more important than FDI in terms of the contribution to total investment, and that FDI inflows and private … investment are higher in countries with good governance. Interestingly, the findings demonstrate that FDI tends to displace …
Persistent link: https://www.econbiz.de/10010273460
financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in … uncertainty regarding the ability to obtain external funds may have induced firms to rely on internal funds to finance investment … activities. Therefore, we shed light on the cash flow sensitivity of investment and cash holdings by estimating firm- level …
Persistent link: https://www.econbiz.de/10009734202
We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs depends on a parameter representing investor...
Persistent link: https://www.econbiz.de/10011623466
In China, between 2006 and 2013, local public debt crowded out the investment of private firms by tightening their … funding constraints, while leaving state-owned firms' investment unaffected. We establish this result using a purpose …-built dataset for Chinese local public debt. Private firms invest less in cities with more public debt, the reduction in investment …
Persistent link: https://www.econbiz.de/10012114894
We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs depends on a parameter representing investor...
Persistent link: https://www.econbiz.de/10011506547
’ substantial investment in intangible assets such as R&D, design, and advertising. These investments are not classified as … investment in the National Accounts, however, in which only tangible assets are defined as investment. This paper provides … estimates of investment in intangible assets and uses the growth accounting framework to analyze the Swedish productivity boom …
Persistent link: https://www.econbiz.de/10003879115
Focussing on the long-run effects of 'financialisation' and increasing shareholder power in a simple Post-Kaleckian endogenous growth model, we examine the effects of increasing shareholder power on the demand regime, on the productivity regime, and on the overall regime of the model. Under...
Persistent link: https://www.econbiz.de/10009549822