Investment And Liquidity Constraints
DOWNLOAD
Download Investment And Liquidity Constraints PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get Investment And Liquidity Constraints book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
Liquidity Constraints And Investment In Transition Economies
DOWNLOAD
Author : Nina Budina
language : en
Publisher: World Bank Publications
Release Date : 2000
Liquidity Constraints And Investment In Transition Economies written by Nina Budina and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Banks and Banking Reform categories.
"In Bulgaria and other transition economies, liquidity constraints and hence access to external funds must be seen in the context of soft budget constraints and the financial system's failure to enforce the efficient allocation of funds. Liquidity constraints in Bulgaria may be seen as a sign of financial weakness"--Cover.
Investment And Liquidity Constraints
DOWNLOAD
Author : Andreas Behr
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Investment And Liquidity Constraints written by Andreas Behr and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Based on a unique database of German firms, the Deutsche Bundesbank's Corporate Balance Sheet Statistics, Andreas Behr explores the link between financial factors and a firm's investment decision within the framework of the Q-theory of investment.
Investment And Liquidity Constraints
DOWNLOAD
Author : Andreas Behr
language : en
Publisher:
Release Date : 2003-12-12
Investment And Liquidity Constraints written by Andreas Behr and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003-12-12 with categories.
Liquidity Constraints And Investment In Transition Economies
DOWNLOAD
Author : Eelke de Jong
language : en
Publisher:
Release Date : 2003
Liquidity Constraints And Investment In Transition Economies written by Eelke de Jong and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with categories.
We use Bulgarian firm-level data to investigate the impact of liquidity constraints on investment performance. Internal funds are an important determinant of investment in most industrialized countries. We test whether internal funds are important for firm investment during the current transition process in Bulgaria. We use a simple accelerator model of investment to test whether liquidity constraints are relevant in the case of Bulgaria. Our estimations are based on data for the period 1993-95, prior to the Bulgarian financial crisis in 1996-97. It turns out that Bulgarian firms are liquidity constrained, and that firms' size and financial structure help to distinguish between firms that are more and less liquidity constrained. In our view, liquidity constraints can be given a different interpretation in the case of transition economies as compared to Western economies. A more in depth analysis of the data reveals that liquidity constraints, and consequently the access to external funds for Bulgarian firm investment, are to be seen against the background of soft-budget constraints and the failure of the financial system to enforce an efficient allocation of funds. In our view, the lack of liquidity constraints may actually be seen as a sign of financial weakness in the case of Bulgaria.
Debt Liquidity Constraints And Corporate Investment
DOWNLOAD
Author : Toni M. Whited
language : en
Publisher:
Release Date : 1990
Debt Liquidity Constraints And Corporate Investment written by Toni M. Whited and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1990 with Corporate debt categories.
The Impact Of Consumption And Liquidity Constraints On Optimal Consumption And Investment Decisions
DOWNLOAD
Author : Amit Vijay Bhandari
language : en
Publisher:
Release Date : 2008
The Impact Of Consumption And Liquidity Constraints On Optimal Consumption And Investment Decisions written by Amit Vijay Bhandari and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2008 with categories.
Investment Decisions And Liquidity Constraints
DOWNLOAD
Author :
language : en
Publisher:
Release Date : 2016
Investment Decisions And Liquidity Constraints written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016 with categories.
Liquidity Constraints And Firms Investment Return Behavior
DOWNLOAD
Author : Alessandra Guariglia
language : en
Publisher:
Release Date : 1999
Liquidity Constraints And Firms Investment Return Behavior written by Alessandra Guariglia and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999 with categories.
Liquidity Constraints And Firms Investment Return Behaviour
DOWNLOAD
Author : Alessandra Guariglia
language : en
Publisher:
Release Date : 1998
Liquidity Constraints And Firms Investment Return Behaviour written by Alessandra Guariglia and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Cash flow categories.
Financial Constraints Liquidity Management And Investment
DOWNLOAD
Author : Timothy J. Riddiough
language : en
Publisher:
Release Date : 2009
Financial Constraints Liquidity Management And Investment written by Timothy J. Riddiough and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009 with categories.
Investment and liquidity management are analyzed in a sector in which firms are exogenously cash constrained and empirical estimates of Tobin's q provide reliable measures of investment opportunity. Across the entire sector, we document substantial realized investment as well as high investment sensitivity to q. Investment is also sensitive to measures of financial market frictions, suggesting that constraints on retention of cash flow distort investment decisions. Liquidity is managed through dividend policy and access to short-term bank finance, in which bank lines of credit smooth variation in available cash flow and accelerate investment. Using the Kaplan-Zingales (1997) method for measuring the degree of financial constraint, we identify substantial differences between investment and liquidity management policies of firms, in which more (less) financially constrained firms in our sample exhibit high (low) investment and liquidity management sensitivity to variables that measure financial market frictions.