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.
Results
Showing 1 to 17 of 17 for “"firm investment"”.
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Whose Beliefs Matter for Firm Investment?
Firm investment decisions are inherently forward-looking and therefore depend on expectations about the future of the firm. In reality, such expectations vary across firm managers and other market participants. This disagreement raises the question of whose beliefs guide corporate investment. This …
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Studies in Income, Investment, and Stock Returns: The Permanent Income Hypothesis and the Overinvestment Puzzle
… sales drive earnings; increased earnings drive investment; and increased investment drives higher stock returns. In this dissertation, I studied the relationship of sales income, firm investment increase and stock returns. The first paper, titled "Permanent Income and Investment", investigates …
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Economic growth and financial development: a legal explanation
… legal protection perspective based on both micro firm-level data and macro country-level data. Our study comprehensively examines the investor legal protection in terms of legal statues, legal enforcement and legal origins. We first examine the mechanism through which the legal system affects firm …
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Analysis of firm desirability among Virginia's economic development directors
… development directors possess for different firm characteristics when deciding whether to offer incentives. The thesis examines the different incentives that exist in Virginia and finds that incentive activity has been steadily increasing since 1990. The historical rates of business activity …
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The Moderating Role of Board Structure and Market Competition on CEO Power, Risk, and Investment Efficiency
… the UK-listed financial and non-financial firms. The third empirical chapter provides evidence on the role of market competition in the nexus between powerful CEO and investment efficiency. Panel data estimation techniques (pooled regression and fixed effects) are used to analyse the sample …
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Two Essays on Corporate Finance
… document the relevance of such asymmetries for firms' payout, liquidity, and capital structure policies. Policies are more sensitive to downside volatility and the directional effect of upside variation is often opposite that of downside. Controlling for cash flow volatility,policies …
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Income Inequality, Household Borrowing, and the Business Cycle
… trends in the same fashion that Minsky argued firm investment does. Low-income households reduce their cash commitments more than high-income households when experiencing periods of joblessness. A Stock Flow Consistent macro-model examines the influence of these decisions on the slow-growth …
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Three essays in financial economics
The first essay, Wage Differentials, Firm Investment, and Stock Returns, investigates the effects of labor costs on firms’ capital investments and stock returns. I estimate wage premia across U.S. industries and show that the negative investment-return relation implied by q-theory is steeper for …
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Essays on Market Conditions and Corporate Investment Decisions
… how market conditions -- different beliefs about firm value, the business cycle, and financial regulations -- affect corporate investment decisions in firms, and the impact of these decisions on corporate performance. In Chapter 1, I document evidence that belief dispersion affects corporate …
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Essays in financial economics
… examines the effect of government credit on firm investment, employment, debt, profitability, and survival by using unique data from the China Development Bank (CDB). I explore the different effects of various types of government credit (credit to infrastructure vs. credit to state-owned …
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Property rights and the investment behavior of U.S. Agricultural Cooperatives
… business activity into a model of cooperative investment behavior. In this study, the set of property rights governing ownership and control of cooperatives is identified and formally built into a neoclassical model of firm investment. The property rights approach is used to establish the core …
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Investment Cash Flow Sensitivity: International Evidence
… investigated the effect of financial factors on investment decisions of firms. More recently, researchers have extended conventional models of firm-investment by incorporating a role for financing constraints in determining the firm's investment decision. Empirical work points to overwhelming …
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LA FRAMMENTAZIONE DELL'ATTIVITA' IMPRENDITORIALE IN ITALIA: PROBLEMI, ESITI E SPIEGAZIONI A PARTIRE DA UNO STUDIO DI CASO
… industrialized countries, in Italy, small-scale firms have become hegemonic. The diffusion of most small firms arose during the “economic miracle” and has produced many micro production systems across the country. As small firms have increased, diffusion and the strength of labor intensive …
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Is there a case for an augmented Tobin’s Q model of R&D investment? Investigating the role of market structure, knowledge spillovers and corporate governance quality
The determinants of R&D investment at firm-level have been a topic of interest for economists for a long time. However, our knowledge of the firm’s R&D investment behaviour remains somewhat fragmented. In this thesis, I postulate the idea of an augmented Tobin’s Q model, in which several different …
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Essays on monetary policy and financial markets in heterogeneous economies
… emphasis on heterogeneity at the household, firm, and sector levels. Across three interconnected chapters, it examines how distributional effects, information asymmetries, and financial frictions influence the transmission and effects of economic shocks. Each chapter contributes to a deeper …
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Essays on Firm Behavior in Developing Economies
The performance of firms is central to growth in developing economies. A burgeoning literature within development economics seeks to understand the behavior of firms in developing countries and the constraints to their performance. This dissertation explores two types of constraints - …
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Market frictions, allocative efficiency and aggregate productivity in the manufacturing sector: evidence from Zimbabwe
… key reason for the above is the lack of detailed firm and employee data. The thesis is structured around three main research objectives. Firstly, it quantifies the extent of allocative inefficiency within and between the formal and informal manufacturing firms in Zimbabwe. Secondly, it …