Financing constraints and corporate investment : response to Kaplan and Zingales

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (86 download)

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Book Synopsis Financing constraints and corporate investment : response to Kaplan and Zingales by : Steven M. Fazzari

Download or read book Financing constraints and corporate investment : response to Kaplan and Zingales written by Steven M. Fazzari and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investment-cash Flow Sensitivities are Not Valid Measures of Financing Constraints

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ISBN 13 :
Total Pages : 24 pages
Book Rating : 4.3/5 ( download)

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Book Synopsis Investment-cash Flow Sensitivities are Not Valid Measures of Financing Constraints by : Steven N. Kaplan

Download or read book Investment-cash Flow Sensitivities are Not Valid Measures of Financing Constraints written by Steven N. Kaplan and published by . This book was released on 2000 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kaplan and Zingales [1997] provide both theoretical arguments and empirical evidence that investment-cash flow sensitivities are not good indicators of financing constraints. Fazzari, Hubbard and Petersen [1999] criticize those findings. In this note, we explain how the Fazzari et al. [1999] criticisms are either very supportive of the claims in Kaplan and Zingales [1997] or incorrect. We conclude with a discussion of unanswered questions.

Financing constraints and corporate investment

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ISBN 13 :
Total Pages : 45 pages
Book Rating : 4.:/5 (129 download)

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Book Synopsis Financing constraints and corporate investment by : Steven Fazzari

Download or read book Financing constraints and corporate investment written by Steven Fazzari and published by . This book was released on 1987 with total page 45 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Investment, Acquisitions, and Financial Constraints

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Publisher :
ISBN 13 :
Total Pages : 296 pages
Book Rating : 4.3/5 (129 download)

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Book Synopsis Investment, Acquisitions, and Financial Constraints by : Joshua Robert Pierce

Download or read book Investment, Acquisitions, and Financial Constraints written by Joshua Robert Pierce and published by . This book was released on 2007 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Do Investment-cash Flow Sensitivities Provide Useful Measures of Financing Constraints?

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Publisher :
ISBN 13 :
Total Pages : 34 pages
Book Rating : 4.:/5 (697 download)

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Book Synopsis Do Investment-cash Flow Sensitivities Provide Useful Measures of Financing Constraints? by : Steven N. Kaplan

Download or read book Do Investment-cash Flow Sensitivities Provide Useful Measures of Financing Constraints? written by Steven N. Kaplan and published by . This book was released on 1996 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Handbook of the Economics of Finance

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Publisher : Elsevier
ISBN 13 : 9780444513632
Total Pages : 698 pages
Book Rating : 4.5/5 (136 download)

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Book Synopsis Handbook of the Economics of Finance by : G. Constantinides

Download or read book Handbook of the Economics of Finance written by G. Constantinides and published by Elsevier. This book was released on 2003-11-04 with total page 698 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arbitrage, State Prices and Portfolio Theory / Philip h. Dybvig and Stephen a. Ross / - Intertemporal Asset Pricing Theory / Darrell Duffle / - Tests of Multifactor Pricing Models, Volatility Bounds and Portfolio Performance / Wayne E. Ferson / - Consumption-Based Asset Pricing / John y Campbell / - The Equity Premium in Retrospect / Rainish Mehra and Edward c. Prescott / - Anomalies and Market Efficiency / William Schwert / - Are Financial Assets Priced Locally or Globally? / G. Andrew Karolyi and Rene M. Stuli / - Microstructure and Asset Pricing / David Easley and Maureen O'hara / - A Survey of Behavioral Finance / Nicholas Barberis and Richard Thaler / - Derivatives / Robert E. Whaley / - Fixed-Income Pricing / Qiang Dai and Kenneth J. Singleton.

Innovations in Investments and Corporate Finance

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Publisher : Elsevier
ISBN 13 : 9780762308972
Total Pages : 224 pages
Book Rating : 4.3/5 (89 download)

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Book Synopsis Innovations in Investments and Corporate Finance by : Mark Hirschey

Download or read book Innovations in Investments and Corporate Finance written by Mark Hirschey and published by Elsevier. This book was released on 2002-08-09 with total page 224 pages. Available in PDF, EPUB and Kindle. Book excerpt: The valuation of Internet companies, effects of firm size in takeover studies, and long-run performance of mergers in the telecommunications industry are all seen as riddles for the Efficient Markets Hypothesis. This volume focuses on pricing puzzles in investments. It also features studies describing innovations in corporate finance.

Investment and Liquidity Constraints

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Publisher : Springer Science & Business Media
ISBN 13 : 3322820106
Total Pages : 181 pages
Book Rating : 4.3/5 (228 download)

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Book Synopsis Investment and Liquidity Constraints by : Andreas Behr

Download or read book Investment and Liquidity Constraints written by Andreas Behr and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 181 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on a unique database of German firms, the Deutsche Bundesbank's Corporate Balance Sheet Statistics, Andreas Behr explores the link between financial factors and a firm's investment decision within the framework of the Q-theory of investment.

Determinants of Innovative Behaviour

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Publisher : Springer
ISBN 13 : 0230285732
Total Pages : 321 pages
Book Rating : 4.2/5 (32 download)

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Book Synopsis Determinants of Innovative Behaviour by : Cees van Beers

Download or read book Determinants of Innovative Behaviour written by Cees van Beers and published by Springer. This book was released on 2008-09-10 with total page 321 pages. Available in PDF, EPUB and Kindle. Book excerpt: A rich overview of current research on determinants of innovative behaviour. It is a unique work as it illuminates these from different perspectives such as, economics, management and psychology. Using several methods of analysis, it shows what specific determinants are predominant in explaining firm performance on innovation.

Corporate Investment in Emerging Markets

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Publisher : International Monetary Fund
ISBN 13 : 1513550543
Total Pages : 30 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis Corporate Investment in Emerging Markets by : Delong Li

Download or read book Corporate Investment in Emerging Markets written by Delong Li and published by International Monetary Fund. This book was released on 2015-12-30 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: We examine how firm and country heterogeneity shape the response of corporate investment in emerging markets to changes in global interest rates and volatility. We test for the presence of (i) a financing channel originating from changes in the costs of external borrowing and (ii) a real options channel—reflecting firms’ option values to delay investment. We find evidence of the coexistence of both channels. Financially weaker firms reduce investment by more in response to higher interest rates or volatility, while firms with stronger balance sheets become less willing to invest after volatility spikes. Furthermore, the intensity of the financing channel diminishes for firms in countries with lower public debt, higher foreign reserves, or deeper financial markets.

International Corporate Governance

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Publisher : Emerald Group Publishing
ISBN 13 : 0857249150
Total Pages : 210 pages
Book Rating : 4.8/5 (572 download)

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Book Synopsis International Corporate Governance by : Kose John

Download or read book International Corporate Governance written by Kose John and published by Emerald Group Publishing. This book was released on 2011-03-31 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Presents research on corporate governance from a number of countries across the world, including the United States, Spain, Malaysia, Israel and others. This title examines many important corporate governance mechanisms, such as board characteristics, ownership structure, legal protection of shareholders, and annual general meetings.

Behavioral Corporate Finance

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Publisher : College Ie Overruns
ISBN 13 : 9781259254864
Total Pages : 300 pages
Book Rating : 4.2/5 (548 download)

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Book Synopsis Behavioral Corporate Finance by : Hersh Shefrin

Download or read book Behavioral Corporate Finance written by Hersh Shefrin and published by College Ie Overruns. This book was released on 2017-04-16 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery

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Publisher : International Monetary Fund
ISBN 13 : 161635481X
Total Pages : 24 pages
Book Rating : 4.6/5 (163 download)

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Book Synopsis Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery by : Ms.Manuela Goretti

Download or read book Macro-Financial Implications of Corporate (De)Leveraging in the Euro Area Periphery written by Ms.Manuela Goretti and published by International Monetary Fund. This book was released on 2013-06-26 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: High corporate indebtedness can pose an important threat to the adjustment processes in some of the Euro area periphery countries, through its drag on investment as well as the possible migration of private sector losses to the sovereign balance sheet. This paper examines the macroeconomic implications of corporate debt overhang in recent years, confirming empirical evidence in the literature on the relationship between a firm’s balance sheet position and its investment choices, especially beyond certain threshold levels. Building on an event study of past crisis experiences with corporate deleveraging, it also discusses the expected macro-financial impact of the ongoing deleveraging processes in these countries, presenting available policy options to facilitate an orderly balance-sheet adjustment and support a return to productivity and growth.

Asymmetric Effects of the Financial Crisis

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Publisher : International Monetary Fund
ISBN 13 : 1475502877
Total Pages : 28 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis Asymmetric Effects of the Financial Crisis by : Mr.Vadim Khramov

Download or read book Asymmetric Effects of the Financial Crisis written by Mr.Vadim Khramov and published by International Monetary Fund. This book was released on 2012-04-01 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses the financial crisis of 2008 as a natural experiment to demonstrate that when measuring investment-cash flow sensitivity, the value of a firm's assets that can be used as collateral should be taken into account. Using panel data on U.S. firms from 1990 to 2011, it was found that the share of physical capital in assets has a strong influence on investment-cash flow sensitivity, which decreased substantially after the crisis when banks changed their expectations about the value of assets on firms' balance sheets. This paper deepens our understanding of firms' investment behavior.

NBER Macroeconomics Annual 1998

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Publisher : MIT Press
ISBN 13 : 9780262522564
Total Pages : 438 pages
Book Rating : 4.5/5 (225 download)

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Book Synopsis NBER Macroeconomics Annual 1998 by : Ben Bernanke

Download or read book NBER Macroeconomics Annual 1998 written by Ben Bernanke and published by MIT Press. This book was released on 1999 with total page 438 pages. Available in PDF, EPUB and Kindle. Book excerpt: The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.

Global Competitiveness: Business Transformation in the Digital Era

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Publisher : Routledge
ISBN 13 : 0429514662
Total Pages : 519 pages
Book Rating : 4.4/5 (295 download)

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Book Synopsis Global Competitiveness: Business Transformation in the Digital Era by : Ade Gafar Abdullah

Download or read book Global Competitiveness: Business Transformation in the Digital Era written by Ade Gafar Abdullah and published by Routledge. This book was released on 2019-07-09 with total page 519 pages. Available in PDF, EPUB and Kindle. Book excerpt: The proceedings of the "Economics and Business Competitiveness International Conference" (EBCICON) provides a selection of papers, either research results or literature reviews, on business transformation in the digital era. Nine major subject areas, comprising accounting and governance, customer relations, entrepreneurship, environmental issues, finance and investment, human capital, industrial revolution 4.0, international issues, and operations and supply chain management are presented in the proceedings. These papers will provide new insights into the knowledge and practice of business and economics in the digital era. Therefore, parties involved in business and economics such as academics, practitioners, business leaders, and others will be interested in the contents of the proceedings.

Essays in Macroeconomic Policy

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Publisher : Gramedia Pustaka Utama
ISBN 13 : 9789792233391
Total Pages : 624 pages
Book Rating : 4.2/5 (333 download)

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Book Synopsis Essays in Macroeconomic Policy by : Miranda S. Goeltom

Download or read book Essays in Macroeconomic Policy written by Miranda S. Goeltom and published by Gramedia Pustaka Utama. This book was released on 2007 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: