Exporting, capital investment and financial constraints
نویسندگان
چکیده
منابع مشابه
Capital Investment and Determinants of Financial Constraints in Estonia
Unlike previous empirical work concerning investment behavior and the determinants of liquidity constraints, we use a switching regression framework when sample separation is unknown and endogenous and firms are assumed to operate either in the financially constrained or in the financially unconstrained regime. By using new panel data for Estonian companies during 1993 through 2002 we find that...
متن کاملEffects of Managerial Sentiments and Financial Constraints on Investment Sensitivity
Abstract: In the present study, managerial sentiment refers to the pleasant and optimistic feeling of the managers and decision makers in the companies. Optimism can be considered a spiritual state showing ones hope for the future. Talking about a company, it is the manger’s hope for future of the company. Accordingly, the present study examines effects of the managerial optimism on the relati...
متن کاملthe effect of mispricing on investment and capital structure of financial constraints firms
the objective of this study is to examine the effect of mispricing on firm’s investment behavior and capital structure. it also tests the role of the level of financial constraints in the relationship between mispricing , investment and capital structure. using data of 110 firms of tehran stock exchang from 1384-1389, results indicated that mispricing has negative impact to firms investment. ho...
متن کاملInvestment and Financing Options with Capital Constraints
We review and extend recent contingent claims models of capital structure. We focus on two models with analytic formulas in perpetual horizonLeland (1994) and Mauer and Sarkar (2004). We implement the investment option in both models in finite horizon with a numerical lattice while maintaining the analytic structure for the capital structure decisions in the second stage by maintaining the perp...
متن کاملReal versus Financial Frictions to Capital Investment¤
We examine the investment behavior of a panel of German manufacturing ...rms for the time period from 1992 to 2000. Our methodology is structural and has several steps: First, we identify the pro...tability shocks that move investment demand at the ...rm level. Then, we specify an array of adjustment costs and capital market imperfections possibly in‡uencing optimal ...rm investment response to...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Review of World Economics
سال: 2010
ISSN: 1610-2878,1610-2886
DOI: 10.1007/s10290-009-0040-3