Search Results - subject:"Costly External Finance"

Transient institutional ownership, costly external finance and corporate cash holdings

Im, Hyun Joong; Park, Heungju; Pathan, Shams; Faff, … - In: Journal of business finance & accounting : JBFA 52 (2025) 2, pp. 1212-1249

Persistent link: https://www.econbiz.de/10015395212

Biased beliefs, costly external finance, and firm behavior : a unified theory

Li, Delong; Lu, Lei; Mu, Congming; Yang, Jinqiang - 2019

Persistent link: https://www.econbiz.de/10012116513

Uncertainty, Financial Frictions, and Investment Dynamics

Gilchrist, Simon; Sim, Jae W.; Zakrajsek, Egon - Federal Reserve Board (Board of Governors of the … - 2014

Micro- and macro-level evidence indicates that fluctuations in idiosyncratic uncertainty have a large effect on investment; the impact of uncertainty on investment occurs primarily through changes in credit spreads; and innovations in credit spreads have a strong effect on investment,...

Persistent link: https://www.econbiz.de/10010937972

Employment Flows with Endogenous Financing Constraints

Li, Shuyun May - Department of Economics, Faculty of Business and Economics - 2008

equilibrium model calibrated to the U.S. manufacturing data shows that costly external finance causes inefficient output … and hencemay adversely affect aggregate productivity growth. This paper studies the quantitative impact of costly external … finance on aggregate productivity through resource reallocation across firms with idiosyncratic productivity shocks. A partial …

Persistent link: https://www.econbiz.de/10005458705

Default rate and price of capital in a costly external finance model

Medina, Juan Pablo - In: Revista de Analisis Economico – Economic Analysis Review 21 (2006) 1, pp. 3-28

real business cycle models of costly external finance imply a procyclical default rate, external premium and relative price … productivity and idiosyncratic risk of capital producers in a standard costly external finance model. These elements enhance the …

Persistent link: https://www.econbiz.de/10005698257

Costly external finance, reallocation, and aggregate productivity

Li, Shuyun - In: Journal of Productivity Analysis 35 (2011) 3, pp. 181-195

Persistent link: https://www.econbiz.de/10009150277