Showing 121 - 130 of 108,005
material to the economy's investment prospects and whether the importance of this channel differs depending on the structure of … corporate financing i.e., bank-based or market-oriented financing structures. Based on a dynamic business investment error … financial position of non-financial corporations has a statistically significant impact on aggregate business investment growth …
Persistent link: https://www.econbiz.de/10003462971
We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow. -- Financial constraints ; investment …
Persistent link: https://www.econbiz.de/10003498164
The paper develops a model of firm´s investment under uncertainty with financial market imperfections and analyzes the … effects of financial constraints on firm´s investment. Firm´s investment is an increasing function of the firm´s marginal q …, however the investment function is characterized by an upper bound that depends on the firm´s borrowing capabilities. The firm …
Persistent link: https://www.econbiz.de/10013132124
The paper develops a model of firm's investment under uncertainty with financial market imperfections and analyzes the … effects of financial constraints on firm's investment. Firm's investment is an increasing function of the firm's marginal q …, however the investment function is characterized by an upper bound that depends on the firm's borrowing capabilities. The firm …
Persistent link: https://www.econbiz.de/10013132415
Using firm-level data for 18 major global economies, we find that the exchange rate affects corporate investment … through a financial channel: exchange rate depreciation dampens corporate investment through firm leverage and FX debt. These … findings are consistent with the predictions of a stylised model of credit risk in which exchange rates can affect investment …
Persistent link: https://www.econbiz.de/10012841849
This paper investigates the possible role of asset tangibility on corporate's investment decision. As Almeida and … financial intermediaries, reduce financial restriction, and thus allow further investment. For this reason, we analyze corporate … investment behavior in Korea by estimating firm's investment function incorporating asset tangibility, based on the endogenous …
Persistent link: https://www.econbiz.de/10012901382
We provide new evidence on how monetary policy affects investment and firm finance in the United States and the United … conditioning on size, asset growth, Tobin's Q, leverage or liquidity – and drive the response of aggregate investment. Older … and financial frictions in amplifying the effects of monetary policy on investment …
Persistent link: https://www.econbiz.de/10012889726
analysis of firm investment, suggesting that high uncertainty may transmit to investment and bank loans mainly through the real …
Persistent link: https://www.econbiz.de/10012859940
This study explores individual and country-level environmental drivers of informal quot;seedquot; investment. We … in 31 countries, including 5,960 informal investors, we report drivers for the four types of seed investment. Descriptive …
Persistent link: https://www.econbiz.de/10012709266
Using firm-level data for 18 major global economies, we find that the exchange rate affects corporate investment … through a financial channel: exchange rate depreciation dampens corporate investment through firm leverage and FX debt. These … findings are consistent with the predictions of a stylised model of credit risk in which exchange rates can affect investment …
Persistent link: https://www.econbiz.de/10013250472