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We show how to solve Merton optimal investment stochastic control problem for Hawkesbased models in finance and … expected utility function. The novelty of the results consists of the new Hawkes-based models and in the new optimal investment …
Persistent link: https://www.econbiz.de/10012598381
This paper examines the sensitivity of firms´ R&D expenditures to being externally financial constrained to undertake innovation projects, considering that being constrained is endogenous. It focuses on devising a model that enable us to explore the combined impact of liquidity constraints,...
Persistent link: https://www.econbiz.de/10012230210
This paper assesses the consequences of implementing a joint liability debt system in a two-country small open economy model. With joint liability a default of one country makes the other participant liable for its debt. The results highlight a trade-off between the contagion risk, in the sense...
Persistent link: https://www.econbiz.de/10012114435
This article summarises the empirical literature on the impact of financial development on investment. It presents a … topical analysis of empirical research that focuses mainly on the interaction between financial development and investment …, determinants and measurement of both financial development and investment, and empirical findings on the relationship between the …
Persistent link: https://www.econbiz.de/10012193685
savings system on a long-term basis is seen as a factor in increasing investment in the Russian economy and its growth rates …
Persistent link: https://www.econbiz.de/10012800886
The current study aims to explore the role of various macroeconomic factors in determining corporate investment. Using … reveal the negative impact of foreign direct investment whilst the positive impact of economic growth, financial development …, and inflation rate on corporate investment decisions. Due to high market competition, foreign direct investment can hamper …
Persistent link: https://www.econbiz.de/10013550074
2395 listed companies in China from 2007 to 2020, we examine the investment efficiency of this ownership practice on … microcorporate investment behavior. The estimates indicate that common institutional ownership has a significant positive … relationship with corporate investment efficiency by reducing overinvestment. Further institutional heterogeneity analysis reveals …
Persistent link: https://www.econbiz.de/10014383545
Green investment has become the most effective option to support the efforts to mitigate worldwide climate change. Due … to the efficacy of green investment in tackling climate change and global warming, researchers are searching for the … factors that can boost green investment. Therefore, this analysis aims to investigate the efficacy of information and …
Persistent link: https://www.econbiz.de/10015142113
demand, i.e. investment, consumption and net exports. Since increasing shareholder power and shareholder value orientation of … of financialisation in the context of the postKeynesian theory of the firm and explain the other channels from there. An … important result is the emergence of 'profits without investment' demand and growth regimes, for which we point out the …
Persistent link: https://www.econbiz.de/10014490639
This paper primarily aims to assess the impact of financial literacy on households' investment choices. The paper …, the study aims at establishing whether the choices of investment platforms are influenced by the financial literacy level … finds that financial literacy is positively and significantly associated with household investment choices. More …
Persistent link: https://www.econbiz.de/10012239415