Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 5 of 5 for “"Imperfect Capital Markets"”.
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Optimal intertemporal decisions in imperfect capital markets
… for both, firms operating in perfect financial markets and those facing credit constraints, due to imperfect capital markets. However, as in these markets, saving and investment decision may not be separable, we obtain the optimal dynamic path of these decisions for agents that own capital but …
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Essays on Aggregate Liquidity and Corporate Events
… corporate investment and financing activities in capital markets occur in waves through time, which are accompanied with many abnormal phenomena surrounding and after the announcement of events. Motivated by existing studies in firm-level and aggregate-level liquidity, which suggest the influence …
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Essays on the macroeconomic implications of financial frictions
… a dynamic corporate model in which firms face imperfect capital markets and frictional product markets. We highlight the importance of the endogeneity of the marginal value of liquidity in determining the interactions between investment, financing and product price setting decisions. The model …
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How to Overcome Poverty Traps by Education
… do not attend school and do not form human capital. When these children are adult, the lack of education causes them being as poor as their parents have been. This produces a vicious circle that has to be broken. In an OLG growth model such a type of poverty trap is established as a locally …
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Investment Cash Flow Sensitivity: International Evidence
… evidence that in the presence of market imperfections, firm investments become sensitive to the availability of internal cash flows. However, the evidence regarding the patterns of these observed investment-cash flow sensitivities has been ambiguous. In this study we examine the impact of …