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Author : Richard W. Kopcke
Publisher :
ISBN 13 :
Total Pages : 42 pages
Book Rating : 4.3/5 (91 download)
Download or read book Tobin's Q, Economic Rents, and the Optimal Stock of Capital written by Richard W. Kopcke and published by . This book was released on 1995 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Richard W. Kopcke
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 (91 download)
Download or read book Economic Rents, the Demand for Capital, and Financial Structure written by Richard W. Kopcke and published by . This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Frank A. Fetter
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610165047
Total Pages : 412 pages
Book Rating : 4.6/5 (11 download)
Download or read book Capital, Interest, and Rent written by Frank A. Fetter and published by Ludwig von Mises Institute. This book was released on 1977 with total page 412 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Guido Lorenzoni
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 ( download)
Download or read book Financial Frictions, Investment and Tobin's Q written by Guido Lorenzoni and published by . This book was released on 2007 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin's q. A firm is financed partly by insiders, who control its assets, and partly by outside investors. When their wealth is scarce, insiders earn a rate of return higher than the market rate of return, i.e., they receive a quasi-rent on invested capital. This rent is priced into the value of the firm, so Tobin's q is driven by two forces: changes in the value of invested capital, and changes in the value of the insiders' future rents per unit of capital. This weakens the correlation between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to this effect, generate realistic correlations between investment, q, and cash flow. Keywords: Financial constraints, investment, Tobin's q, limited enforcement. JEL Classifications: E22, E30, E44, G30.
Author :
Publisher :
ISBN 13 :
Total Pages : 536 pages
Book Rating : 4.:/5 (31 download)
Download or read book Working Paper Series written by and published by . This book was released on 1999 with total page 536 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Knut Wicksell
Publisher : Ludwig von Mises Institute
ISBN 13 : 1610163117
Total Pages : 186 pages
Book Rating : 4.6/5 (11 download)
Download or read book Value, Capital, and Rent written by Knut Wicksell and published by Ludwig von Mises Institute. This book was released on 1954 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Frederic M. Scherer
Publisher :
ISBN 13 : 9780395307267
Total Pages : 650 pages
Book Rating : 4.3/5 (72 download)
Download or read book Industrial Market Structure and Economic Performance written by Frederic M. Scherer and published by . This book was released on 1980 with total page 650 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Michelle L. Barnes
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.3/5 (91 download)
Download or read book A Quantile Regression Analysis of the Cross Section of Stock Market Returns written by Michelle L. Barnes and published by . This book was released on 2002 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Jeffrey C. Fuhrer
Publisher :
ISBN 13 :
Total Pages : 32 pages
Book Rating : 4.3/5 (91 download)
Download or read book Estimating the Euler Equation for Output written by Jeffrey C. Fuhrer and published by . This book was released on 2002 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Dmitry Livdan
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (13 download)
Download or read book Investment, Tobin's Q, and Vintage Capital written by Dmitry Livdan and published by . This book was released on 2017 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends the Q-theory of investment to capital goods with arbitrary efficiency profiles. Under the assumption of geometric economic depreciation employed by the traditional Q-theory, a firm's replacement cost of assets-in-place is independent of their vintage composition and can be directly measured by the firm's current productive capacity, i.e., its capital stock. When the economic depreciation is non-geometric, the firm's current capital stock and the replacement cost of its assets are fundamentally different aggregates of its investment history. We construct empirical proxies for these two quantities and show that, consistent with our theoretical predictions, vintage capital effects significantly improve the explanatory power of investment regressions. We further find that the effect of vintage capital in investment regressions is at least as strong as that of cash flow.
Author : John Hicks
Publisher :
ISBN 13 :
Total Pages : 364 pages
Book Rating : 4.:/5 (44 download)
Download or read book Capital and Growth written by John Hicks and published by . This book was released on 1965 with total page 364 pages. Available in PDF, EPUB and Kindle. Book excerpt: Study of economic theory of capital and economic growth - includes dynamic economics, growth equilibrium and optimum growth. Mathematical appendices.
Author : Joanna Stavins
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.3/5 (91 download)
Download or read book The Effect of Pricing on Demand and Revenue in Federal Reserve ACH Payment Processing written by Joanna Stavins and published by . This book was released on 1997 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because the automated clearinghouse (ACH) has been found to have lower social costs than paper checks, the Federal Reserve has been promoting more widespread use of ACH by lowering ACH processing fees. In this paper we have obtained the first numerical estimates of ACH demand elasticities, a measure of the responsiveness of ACH demand to price changes. In order to determine how robust the estimates are, various methods were employed to estimate the demand elasticities. Our results show that the volume of ACH items processed by the Federal Reserve does respond to changes in per-item fees. We find that demand for ACH credit is elastic, while demand for ACH debit is inelastic. The difference most likely arises from high customer resistance to automatic payment deduction and from low market penetration of that service among companies. Demand for origination was found to be somewhat more elastic than demand for receipt. We then examined how volume growth initiated by a price cut affected unit costs. Given the relatively large scale economies found for ACH, volume growth leads to lower unit costs. However, to outweigh revenue lost as a result of a price decline, ACH volume would have to increase by an amount greater than our estimates indicate is likely. Consequently, a decline in per-item ACH fees would likely lead to lower net revenues.
Author : Geoffrey Matthew Bemis Tootell
Publisher :
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.3/5 (91 download)
Download or read book Reserve Banks, the Discount Rate Recommendation, and FOMC Policy written by Geoffrey Matthew Bemis Tootell and published by . This book was released on 1996 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Owen Irvine
Publisher :
ISBN 13 :
Total Pages : 48 pages
Book Rating : 4.3/5 (91 download)
Download or read book Inventory Investment and Output Volatility written by Owen Irvine and published by . This book was released on 2002 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Silvana Tenreyro
Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.3/5 (91 download)
Download or read book On the Trade Impact of Nominal Exchange Rate Volatility written by Silvana Tenreyro and published by . This book was released on 2003 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : J. Christina Wang
Publisher :
ISBN 13 :
Total Pages : 50 pages
Book Rating : 4.3/5 (91 download)
Download or read book Productivity and Economies of Scale in the Production of Bank Service Value Added written by J. Christina Wang and published by . This book was released on 2003 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 548 pages
Book Rating : 4.F/5 ( download)
Download or read book New England Economic Review written by and published by . This book was released on 1996 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt:
