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We examine the impact of financial liberalization on fixed investment in Mexico using establishment-level data from the …
Persistent link: https://www.econbiz.de/10014119896
Since 2001, OECD corporate net lending has risen sharply. This paper examines the main forces at play behind this run-up and provides some insight into whether and how they might possibly unwind in the future, a process that may already be underway. It shows in particular that, the increase is...
Persistent link: https://www.econbiz.de/10013142792
This paper examines the impact of financial liberalization on fixed investment in Mexico, using establishment …
Persistent link: https://www.econbiz.de/10013321422
corporate investment and its financing structure. We identify shocks to overall demand and loan supply with sign and impact … restrictions. Although tightened financial conditions have adversely impacted corporate investment during and after the sovereign …
Persistent link: https://www.econbiz.de/10013324181
This paper examines the intertemporal effect of corporate income taxation on the investment behavior of a firm that … the corporate profit tax rate initially reduces investment, but the effect is reversed over time as the firm adjusts its …
Persistent link: https://www.econbiz.de/10013212313
’s investment decision. To satisfy the purpose, we highlight the differences of corporate investment behaviors between the 1990s and … model using firmlevel panel data from 1994 to 2009 in Korea. According to the empirical results, the corporate investment … tangibility played a more important role on the decision of a firm’s investment after 2000. In addition, the firm size effect on …
Persistent link: https://www.econbiz.de/10014236108
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
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
Distortions in capital markets can create financial constraints that deter firms from pursuing optimal investment plans …. This paper explores how much these constraints affect investment by ownership type in China, using a panel data model … face greater financial constraints than state-owned enterprises (SOEs), as POE investment plans depend more on the …
Persistent link: https://www.econbiz.de/10013489728