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analysis further identifies sources of financing in these subsectors and discusses future investment and financing challenges …
Persistent link: https://www.econbiz.de/10012180399
highlights future investment and financing challenges, especially for road transport. The methodology piloted in this study can …
Persistent link: https://www.econbiz.de/10012422659
We examine the link between corporate financing and investment decisions of European firms by using a novel firm …-level survey of the European Investment Bank (EIBIS). The survey provides rich quantitative information of a wide range of … financing sources and tangible and intangible investment types for a representative sample of EU28 firms in 2016. We provide new …
Persistent link: https://www.econbiz.de/10011781087
investment by 24.3 to 48.5% during the COVID-19 crisis, compared to 19% during the Great Financial Crisis (GFC). Using historical … faced by corporates between investment and leverage. It also suggests that, should the estimated gap in net revenues … materialise as the result of the crisis, the decline in corporate investment would likely be within the computed ranges. …
Persistent link: https://www.econbiz.de/10012312927
sunk in zombie firms is associated with lower investment and employment growth of the typical non-zombie firm and less … investment and multi-factor productivity growth … at the margins of exit congests markets and constrains the growth of more productive firms. Controlling for cyclical …
Persistent link: https://www.econbiz.de/10011700180
borders and stimulating economic growth in other regions with significant trade links with Apulia. Our results suggest that a … interventions reach their peak in the last years of ERDF programming period (2020-2022), when the absorption of investment funding …
Persistent link: https://www.econbiz.de/10011981489
We study optimal capital requirement regulation in a dynamic quantitative model in which nonfinancial firms, as well as households, hold deposits. Firms hold deposits for precautionary reasons and to facilitate the acquisition of production inputs. Our theoretical analysis identifies a novel...
Persistent link: https://www.econbiz.de/10012132611
around FOMC announcements, we isolate the increased access to high-yield bond markets relative to investment-grade bond … unconventional monetary policy induced less investment in tangible capital by high-productive firms. However, before drawing … composition of investments towards more intangible investment. …
Persistent link: https://www.econbiz.de/10011975741
I model an open-end mutual fund investing in illiquid assets and show that the fund's endogenous cash management can generate shareholder runs even with a flexible NAV. The fund optimally re-builds its cash buffers at time t + 1 after outflows at t to prevent future forced sales of illiquid...
Persistent link: https://www.econbiz.de/10011976823
We examine the optimal size and composition of banks' total loss absorbing capacity (TLAC). Optimal size is driven by the trade-off between providing liquidity services through deposits and minimizing deadweight default costs. Optimal composition (equity vs. bail-in debt) is driven by the...
Persistent link: https://www.econbiz.de/10011978192