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frictions using a canonical investment model. We consider two channels by which frictions affect investment: (i) through … frictions, institutions affect investment. We find that improved corporate governance (e.g., less severe informational problems …) and enhanced contractual enforcement reduce financial frictions affecting investment, while stronger creditor rights (e …
Persistent link: https://www.econbiz.de/10008784722
linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS). We then construct and analyze firm-level FKS and WKS measures and find …
Persistent link: https://www.econbiz.de/10008784815
. What must an organization do to implement a Data Warehouse and a Data Mining? Is this investment profitable (especially in …
Persistent link: https://www.econbiz.de/10008787442
This paper shows that tradable emissions permits and an emissions tax have a risk-related technology choice effect. We first examine the first- and second-order moments in the probability distributions of optimal abatement and production under the two instruments. The two instruments will, in...
Persistent link: https://www.econbiz.de/10008788429
This paper examines whether agricultural growth through public expenditure, ODA or investment will improve …, agricultural investment, or fertiliser use (as a proxy for technology), accelerate agricultural and GDP growth. Consequently, the … investment. Aggregation of the simulation results for various groups reveals that countries in low income group, with a low level …
Persistent link: https://www.econbiz.de/10008788638
This note further characterizes the tacit collusion equilibria in the investment timing game of Boyer, Lasserre and …
Persistent link: https://www.econbiz.de/10008788971
regional investment. In this way, we find evidence that network mode’s (roads and railways) investment programs are influenced … by the centralization strategy of investing near to the political capital, while investment effort in no-network modes … (airports and ports) appears to be positively related to distance. Since investment in surface transportation infrastructures is …
Persistent link: https://www.econbiz.de/10008790252
re-launch public investment in transport infrastructures and abolished the 1st January 2001. The succession of investment … funds underlines the persistent need for an everlasting transport investment financing.The main objective of successive … French governments is an everlasting (or “sustainable”) transport investment financing with the concern of opening up less …
Persistent link: https://www.econbiz.de/10008790397
restructuring crowds-in consumption and investment and raises employment. While tax multipliers for overall output are always …
Persistent link: https://www.econbiz.de/10008791508
potentially a form of public investment in export promotion. I create a theory of public investment by introducing government to a …
Persistent link: https://www.econbiz.de/10008646298