This paper provides a theory of external and internal finance where entrepreneurs finance random investment opportunities with fiat money, bank liabilities, or trade credit. Loans are distributed in an over-the-counter credit market where the terms of the loan contract, including size, rate, and do...
G. T. Rust for assisting with the statistical analysis of the balance sheet and bank credit data in this paper and for his helpful suggestions in this respect. He also acknowledges invaluable expert assistance in the interpretation of the financial data and for informed estimates of trends in ...
Corporate Finance and Monetary Policydoi:10.1111/j.1813-6982.1982.tb00768.xA.EconomicB.EconomicDICKMANEconomicWileySouth African Journal of Economics
Monetary policyHeterogeneityMonopolistic competitionCash holdingsI study how heterogeneity of financial frictions and monopolistic competition influence the pass through of the nominal interest rate to the real lending rate, its transmission into investment, and corporate cash holdings. Firms finance stochastic...
investmentWe provide new evidence on how monetary policy affects investment and firm finance in the United States and the United Kingdom. Younger firms paying no dividenddoi:10.2139/ssrn.3361718Cloyne, JamesFerreira, ClodomiroFroemel, MarenSurico, Paolo...
祝贺我系吴育辉教授、博士生刘晓玲与张欢合作的论文“Collateral-based monetary policy and corporate employment: Evidence from medium-term lending facility in China”在Journal of Corporate Finance发表。 摘要 Collateral-based monetary...
aMoney Banking Monetary Policy, Advanced Corporate Finance, International Corporate Finance, Options, Investment Analysis, and Operation Management. 开户货币政策、先进的公司财务、国际公司财务、选择、投资分析和操作管理的金钱。[translate]
Monetary policy effects on investment spending: a firm-level study of Malaysia[J] . Zulkefly Abdul Karim.Studies in Economics and Finance . 2012 (4)... ZA Karim - 《Studies in Economics & Finance》 被引量: 6发表: 2012年 Capital structure, business model innovation, and firm performance:...
U.S. Business Cycles, Monetary Policy and the External Finance Premium (year-over-year) inflation and the quarterly interest rate spread between the Baa corporate bond yield and the 20-year Treasury bill rate during the ... E Martinez-Garcia - 《Globalization & Monetary Policy Institute Working...
Overall, we examine the impact of collateral-based monetary policy on firm labor hiring decisions using data on Chinese non-financial firms listed in the A-share market between 2009 and 2018. We construct an exposure proxy to measure the extent to which the MLF affects firms using cross-section...