Corporate Investment Behavior In The Imperfect Capital Market
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| Author | : Robert Lensink |
| Publisher | : Edward Elgar Publishing |
| Total Pages | : 176 |
| Release | : 2001-01-01 |
| Genre | : Business & Economics |
| ISBN | : 9781782541240 |
This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment, financial imperfections and uncertainty. After reviewing the capital market imperfections literature and the empirical results, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They present an overview of empirical results of the modelling of investment under uncertainty. In these examples the effects of capital market imperfections on investment are carefully considered. The authors conclude that there is overwhelming empirical support for a negative uncertainty-investment relationship. This book should appeal to academics with an interest in investment theory, professionals in the financial sector and students of macroeconomics and finance. "Investment, Capital Market Imperfections, and Uncertainty" assumes only a basic knowledge of mathematics and is easily accessible.
| Author | : Mansoor Dailami |
| Publisher | : |
| Total Pages | : 48 |
| Release | : 1990 |
| Genre | : Capital investments |
| ISBN | : |
The vigorous expansion of corporate real investment in Korea in the 1980s despite high real interest rates owes much to the rapid growth of the stock market and its increasingly important role in supplying equity capital to the corporate sector.
| Author | : Mansoor Dailami |
| Publisher | : World Bank Publications |
| Total Pages | : 36 |
| Release | : 1991 |
| Genre | : Capital de riesgo |
| ISBN | : |
| Author | : G. Constantinides |
| Publisher | : Elsevier |
| Total Pages | : 698 |
| Release | : 2003-11-04 |
| Genre | : Business & Economics |
| ISBN | : 9780444513632 |
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.
| Author | : Fidel Jaramillo |
| Publisher | : World Bank Publications |
| Total Pages | : 33 |
| Release | : 1993 |
| Genre | : Mercado de capitales - Ecuador |
| ISBN | : |
| Author | : Giorgio Calcagnini |
| Publisher | : Springer Science & Business Media |
| Total Pages | : 237 |
| Release | : 2009-10-22 |
| Genre | : Business & Economics |
| ISBN | : 3790821314 |
This book is a collection of eleven papers concerned with the effects of market imperfections on the decision-making of economic agents and on economic policies that try to correct the inefficient market outcomes due to those imperfections. As a consequence, real and financial imperfections are related : economic decisions are simultaneously affected by imperfections present both in real and financial markets. Notwithstanding the obvious fact that market interdependence is not novel, scholar interests are typically concentrated on the specific relationship among economic decisions originating from particular imperfections. This explains why, in the case of perfect financial markets, we can speak of "the" us.
| Author | : Hersh Shefrin |
| Publisher | : College Ie Overruns |
| Total Pages | : 300 |
| Release | : 2017-04-16 |
| Genre | : Corporations |
| ISBN | : 9781259254864 |
| Author | : United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs |
| Publisher | : |
| Total Pages | : 216 |
| Release | : 1992 |
| Genre | : Capital investments |
| ISBN | : |
| Author | : Mr.Albert Jaeger |
| Publisher | : International Monetary Fund |
| Total Pages | : 24 |
| Release | : 2003-06-01 |
| Genre | : Business & Economics |
| ISBN | : 145185403X |
The recent boom-bust cycle in the euro area's equity valuations has left nonfinancial corporations saddled with a legacy of high debt or leverage. Models of corporate investment behavior based on imperfect capital markets predict that highly leveraged balance sheets can act as a brake on investment spending. The paper's empirical analysis suggests that leverage effects on corporate investment can be substantial and persistent, particularly if leverage exceeds threshold values.
| Author | : Robert S. Pindyck |
| Publisher | : World Bank Publications |
| Total Pages | : 58 |
| Release | : 1989 |
| Genre | : Capital investments |
| ISBN | : |
Irreversible investment is especially sensitive to such risk factors as volatile exchange rates and uncertainty about tariff structures and future cash flows. If the goal of macroeconomic policy is to stimulate investment, stability and credibility may be more important than tax incentives or interest rates.
