Search Results - subject:"Tobinâ€™s Q"

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Financial Constraints, Intangible Assets, and Firm Dynamics: Theory and Evidence

Chen, Sophia - International Monetary Fund (IMF) - 2014

firms with a higher share of intangible assets in total assets start smaller, grow faster, and have higher Tobinâ€™s q …. Asset tangibility predicts firm dynamics and Tobinâ€™s q up to 30 years but has diminishing predicative power. I develop a … repudiated. This mechanism is qualitatively important to explain stylized facts of firm dynamics and Tobinâ€™s q. …

Persistent link: https://www.econbiz.de/10011142148

Capital Flows, Asset Prices and Output in Emerging Market Economies

Nag, Ranjanendra Narayan; Baksi, Sayan; Majumder, … - In: Foreign Trade Review 50 (2015) 1, pp. 1-20

In this article we construct a simple open-economy macro model to examine how capital flows, monetary policy and dividend policies of firms influence asset prices, economic activity and inflation. In this model, we consider a three-asset framework based on domestic money, domestic equity and...

Persistent link: https://www.econbiz.de/10011171377

Sudden Stops in an Equilibrium Business Cycle Model with Credit Constraints: A Fisherian Deflation of Tobin's Q

Mendoza, Enrique G. - Society for Economic Dynamics - SED - 2005

Persistent link: https://www.econbiz.de/10005027235

AN ANALYSIS OF THE DEGREE OF DIVERSIFICATION AND FIRM PERFORMANCE

Guo, Zheng-Feng; Cao, Lingyan - In: The International Journal of Business and Finance Research 6 (2012) 2, pp. 53-58

A firm's diversification decision is likely to be a response of two interacting effects, one is the agent problem and the other is the economies of scale. Whether diversification causes a discount or a premium depends on the interaction of the two effects. This paper re-evaluates the effect of...

Persistent link: https://www.econbiz.de/10011206110

Financial Development, Internationalisation and Firm Value

Thomas Oâ€™Connor - In: Journal of Emerging Market Finance 10 (2011) 1, pp. 21-71

In this article I show that both aspects of financial development, namely, liberalisation and deepening, and financial internationalisation proxied using cross-listings in the US creates value for emerging market firms. Financial deepening, or more precisely, stock market deepening enhances...

Persistent link: https://www.econbiz.de/10011137896

THE EFFECT OF WORKING CAPITAL PRACTICES ON RISK MANAGEMENT: EVIDENCE FROM JORDAN

ALShubiri, Faris Nasif - In: Global Journal of Business Research 5 (2011) 1, pp. 39-54

Working capital does not receive a great deal of attention in financial decision making. Perhaps this is because it involves investment and financing for the short term. Nevertheless, it is an important component of firm financial management. This study investigates the relationship between...

Persistent link: https://www.econbiz.de/10011205828

Asset-Based Reserve Requirements: A New Monetary Policy Instrument for Targeting Diverging Real Estate Prices in the Euro Area

Holz, Michael - In: European Journal of Economics and Economic Policies: … 4 (2007) 2, pp. 331-351

Can monetary policy prevent real estate bubbles from harming economic welfare? The European Central Bank (ECB) has to conduct monetary policy for the Euro area as a whole, but her policy affects countries with rapidly rising house prices (e.g. Spain) in a markedly different way than those with...

Persistent link: https://www.econbiz.de/10011133414