Showing 1 - 10 of 23
Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … this relationship: the marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent …
Persistent link: https://www.econbiz.de/10010312014
This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … invested. Furthermore, the difference between reversible and irreversible investment is crucial. The impact of volatility on … irreversible investment is far more larger than on reversible investment. In some cases, the amount of reversible investment will …
Persistent link: https://www.econbiz.de/10011506545
We investigate the cost of capital in a model with an agency conflict between inside managers and outside shareholders. Inside ownership reflects the classic tradeoff between incentives and risk diversification, and the severity of agency costs depends on a parameter representing investor...
Persistent link: https://www.econbiz.de/10011506547
The authors solve a linear problem where a potential conflict between two agents (Destination manager and Firm) arises in a tourism destination. The Destination manager has to choose how to allocate limited resources (capital and land) between either second homes or hotels. This conflict stems...
Persistent link: https://www.econbiz.de/10010309221
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/10010295307
the parameters that determine the distribution of the expected returns on investment. During a crisis that increases … macroeconomic uncertainty and reduces asset prices, the threshold required return that triggers investment is lower for an informed … investment may increase, is mostly by informed investors, and as time goes on is progressively more by investors who were …
Persistent link: https://www.econbiz.de/10010299494
This paper studies the implications of technical progress through investment-specific technical change in a business … needed to reap the benefits of an investment-specific technology shock and gradual labor-market matching, generates hump … persistent endogenous fluctuations in total factor productivity. Simulations suggest a limited role for investment …
Persistent link: https://www.econbiz.de/10011506629
's investment growth is associated with a decline in Tanzania's export growth of roughly 0.60 ppts. A 1 percent fall in commodity …
Persistent link: https://www.econbiz.de/10011635861
ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a …
Persistent link: https://www.econbiz.de/10011306671
Governments use tax expenditures to boost investment, innovation and employment. However, these schemes are largely …
Persistent link: https://www.econbiz.de/10011965931