This paper empirically analyzes the non-monotonic influence that interest rate changes have on irreversible investment in income producing properties. Using the complete history of quarterly capital improvements for 1,416 commercial properties over the 1978 to 2009 period, we find strong evidence of the non-monotonic effect for apartment, office, and retail properties, but not for industrial pr...

This paper provides a uni…ed framework to study how capital adjustment costs and uncertainty a¤ect investment dynamics and capital accumulation. It considers an ongoing …rm with stochastic downward sloping demand curve and facing three possible forms of adjustment costs: complete or partial irreversibility, …xed costs of undertaking any investment and the traditional quadratic adjustment costs....

Many economists believe that credit market distortions create a financial accelerator which destabilizes the economy. This paper shows that when credit market distortions arise from adverse selection they sometimes stabilize the economy rather than destabilize it. The stabilizing forces are closely related to forces that cause overinvestment in static models. When investment projects are equity...

This paper studies the growth and performance of foreign investment enterprises in developing countries in the context of global economic integration and domestic reform with a focus on Vietnam as a case study. A model of enterprise performance is constructed to provide empirical findings and evidence-based policy implications on the role of capital, investment, monetary and development pol...

Animal studies suggest a role of vitamin D in fetal lung development although not studied in preterm animals. We tested the hypothesis that vitamin D depletion aggravates respiratory insufficiency in preterm rat offspring. Furthermore, the effects of vitamin D depletion on growth and lung surfactant were investigated. Female Sprague-Dawley rats were randomly assigned low vitamin D (VDL) or cont...

The alpha/beta interferon (IFN-alpha/beta) system is the first line of defense against viral infection and a critical link between the innate and adaptive immune responses. IFN-alpha/beta secretion is the hallmark of cellular responses to acute RNA virus infections. As part of their survival strategy, many viruses have evolved mechanisms to counteract the host IFN-alpha/beta response. Bovine vi...

Pesquisas sobre veículos híbridos 48V são realizadas ao longo dos últimos anos, entretanto, pouco se explora os benefícios de tais no contexto do mercado brasileiro. Não avalia a eficiência energética nos ciclos condução nossas legislações (FTP75 e HWFET), nem as implicações etanol em um trem-de-potência híbrido. Perante circunstâncias apresentadas acima, o presente trabalho investiga, partir d...

The research was conducted to prove empirically the impact of oil prices, interest rates, profitability, company size, and liquidity on leverage in mining sector companies Indonesia. study population 47 sector, using purposive sampling method, sample selected as many 32 a period 5 years from 2014 2018 so that 160 observations were obtained. data analysis method used random-effects model panel r...