Investment,uncertainty andliquidity. Boyle G W,G A Guthrie. The Journal of Finance . 2003Boyle, Glenn, and Graeme Guthrie, 2003, Investment, uncertainty and liquidity, Journal of Finance 58, 2143-2166.Boyle, G. W. and G. A. Guthrie (2003). Investment, uncertainty, and liquidity. The ...
Liquidity, Uncertainty and Investment 作者: Gezici, Armagan 页数: 132定价: $ 85.88ISBN: 9783639087130豆瓣评分 目前无人评价 评价: 写笔记 写书评 加入购书单 分享到 推荐 内容简介 ··· Financial crises of the last two decades raised doubts about the potential benefits from liberalization policies...
Bontempi, Maria Elena (2016), "Investment-Uncertainty Relationship: Differences between Intangible and Physical Capital," Economics of Innovation and New Technology, Vol. 25, No. 3, pp. 240-268.Bontempi, M. E. (2014), "Investment-uncertainty relationship: differences between intangible and ...
Based on the company's real options and agency theory,the paper focuses on the relation between uncertainty and investment.From dimensions of debt maturity structure,investment irreversibility,companys' growth,financial distress and equity incentive,it develops the propositions that show relationships between...
Investment under financial liberalization: Channels of liquidity and uncertainty. This dissertation examines the effects of financial liberalization on investment decisions of manufacturing firms in Turkey, through the channels of liquidity and uncertainty. While the former channel is analyzed in the literatur...
This feature of the standard debt contract has two important implications for the relationship between uncertainty and investment. First, to the extent that firms face significant frictions in credit markets, the rise in the bond risk premium implies an increase in the cost of capital and hence a...
We show that the negative effect of uncertainty on investment cannot be explained by uncertainty proxying for liquidity constraints, credit rationing being more likely among riskier firms. Evidence of a negative effect of past uncertainty on hours currently worked reinforces the conclusion of a ...
摘要: Micro- and macro-level evidence indicates that fluctuations in idiosyncratic uncertainty have a large effect on investment; the impact of uncertainty on investm关键词: Time-varying volatility asset specificity capital liquidity shocks costly external finance firm heterogeneity general equilibrium ...
What Causes the Influence of Bank Channel towards Corporate Investment: Liquidity or Economic Policy Uncertainty?Given the bank-led financial system and unique... W Gu,W Qi,Y Wang,... 被引量: 0发表: 2024年 The impact of macroeconomic policy uncertainty on micro-enterprise investment efficiency—...
options,avalue-maximizingfinanciallyconstrainedfirmmaychoosetoover-investviaacceleratedinvestmenttiminginearlierstagesinordertomitigateunder-investmentproblemsinlaterstages.∗FirstDraft(December,2012)wascirculatedunderthetitle“Investment,Liquidity,andFinancingunderUncertainty.”WethankIlonaBabenka,MartinCherkes,...