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 10 of 10 for “"capital misallocation"”.
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Internal Capital Market and Capital Misallocation: Evidence from Corporate Spinoffs
This study investigates the importance of reduced capital misallocation in explaining the gains in corporate spinoffs. The capital misallocation hypothesis asserts that the internal capital market of a diversified firm fails to meet the needs of the relatively low growth divisions for less …
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Essays in Macroeconomics and Finance
… specifically, the implications of leasing for capital and finance allocation efficiency. I focus on operating leases, which account for a significant proportion of the overall productive physical assets used by US firms (from the asset side), and are important external financing sources for …
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Sources of productivity growth in Vietnam: Three essays
… investigates the between-firm (mis)allocation of capital that impacts aggregate productivity. The final chapter summarises the main findings and draws conclusions. Chapter Two examines the relationship between export and firm learning, with evidence provided on the learning mechanisms of exporters …
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Sources of productivity growth in Vietnam: Three essays
… investigates the between-firm (mis)allocation of capital that impacts aggregate productivity. The final chapter summarises the main findings and draws conclusions. Chapter Two examines the relationship between export and firm learning, with evidence provided on the learning mechanisms of exporters …
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Essays on the Macroeconomic Effects of Imperfect Banking Competition and Other Financial Frictions
… on the efficient allocation of physical capital. While it is widely perceived that financial frictions have adverse impact on capital allocation, the importance of this impact is difficult to quantify. This paper presents a novel two-step approach to estimate the importance of financial …
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Essays in Islamic Banking, Institutional Quality, and Financial Development Outcomes
… of small and medium-sized enterprises (SME), and capital misallocation. Building on ideas from Islamic finance theory, institutional economics and political economy, the thesis comprises three separate but connected empirical essays. These essays rely on large-n cross-country datasets and …
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Essays on Financial and Labor Markets with Frictions
… frictions.</p><p>Chapter I: Unemployment and Capital Misallocation. The recent recession was associated not only with a marked disruption in the credit market, but also a sharp deterioration in labor market conditions, as evidenced by high unemployment rates and an outward shift in the …
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Essays on financial frictions with an application to the Chinese economy
… the effect of government guarantees on capital misallocation and business cycle fluctuations in China. On one hand, government guarantees mitigate the influence of the financial accelerator mechanism on investment and production of both SOEs and private-owned enterprises (POEs). On the …
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Essays in macroeconomics and corporate finance
… ability of firms to borrow leads to: increased capital misallocation and decreased total factor productivity (TFP); an increased wedge between the average marginal product of capital and the interest rate; and increased riskiness of consumption. An endogenous decrease in the interest rate is …
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Essays in Macroeconomics and Heterogeneity
… and leads to larger aggregate fluctuations and capital misallocation. In the third chapter, together with my supervisor Pontus Rendahl, we investigate the effect of saving shocks on business cycle fluctuations. A common modeling tool – and a popular narrative – used to explain the financial …