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Monday, July 20, 2020 | History

3 edition of The determinants of corporate investment found in the catalog.

The determinants of corporate investment

The determinants of corporate investment

a study of a number of large corporations in the United States.

  • 36 Want to read
  • 20 Currently reading

Published by Recordak in London .
Written in English


Edition Notes

Thesis (Ph.D.) - University of Chicago, 1960.

The Physical Object
FormatMicroform
Pagination1 microfilm
ID Numbers
Open LibraryOL18542423M

change in the country-level market-to-book difference for a given country pair () leads to an increase of % in the expected number of acquisitions by the higher market-to-book country’s firms of the lower market-to-book country’s firms. We also examine factors that affect the relation between the intensity of cross-border mergers and. The Determinants of Corporate Debt Maturity Structure I. INTRODUCTION The copious literature on the choice between debt and equity dwarfs studies on the structure of debt maturity. Early works, for instance Merton (), assuming perfect capital markets, show the irrelevance of debt maturity structure in affecting firm value. Why firms use bothFile Size: KB.

  This study is an empirical analysis of the determinants of corporate social responsibility disclosure in listed deposit money banks in Nigeria for the period of The listed deposit money banks are fifteen (15) as at 31st December, , out of which eleven (11) banks was selected as sampling of the study with the aid of filters. Get this from a library! Real determinants of corporate leverage. [Alan J Auerbach; National Bureau of Economic Research.] -- "The U.S. corporate tax distorts the behavior of both real and financial decisions. With respect to the former, the variation in depreciation .

: Determinants of Corporate Disclosure: A multicountry, multilevel study: Why does corporate disclosure differ across companies and across Author: Minyue Dong. achieve expected returns commensurate with the weight of investment risks. And economists seek to understand how corporate bonds impact the efficient allocation of capital across issuers, be they corporate, sovereign, or municipal. The credit spread is positive due to the number of additional risks that corporate debt poses relative to Size: KB.


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The determinants of corporate investment Download PDF EPUB FB2

The determinants and implications of corporate cash holdings To the extent that low market-to-book firms have poor investment opportunities, and management holds liquid assets to facilitate an investment program that it would find difficult to finance through the capital markets, one would expect low market-to-book firms with more liquid Cited by: Myers, Determinants of corporate borrowing policy are those which depend on ratios of debt to the book value of equity or to total book capitalization.

Anyone familiar with modern finance theory considers ratios based on market values much more pertinent. Yet there is an. This is “Determinants of Investment”, section from the book Macroeconomics Principles (v.

For details on it a third strategy for stimulating investment would be a reduction in taxes on corporate profits (called the corporate income tax).

The other determinants of investment include expectations, the level of economic. This paper analyzes the evolution of investment in China, its main features, and its key determinants.

In recent years, manufacturing, real estate, and infrastructure have been the main drivers of investment. Investment remains largely concentrated in coastal areas, but there has been a shift to greater investments inland in recent years.

Introduction. Corporate holdings of cash reserves have received increasing academic interest. 3 As ofpublic firms in the U.S.

held, on average, % of their assets in cash or near-cash instruments. 4 Work explaining cash holdings has focused primarily on financing frictions and agency conflicts. Financing frictions lead firms to have a precautionary demand for cash holdings, which Cited by: The paper models alternative investment-accelerator relationships within the neoclassical theory of Jorgenson followed by firm level panel data estimation and empirical test for other determinants Author: Surajit Bhattacharyya.

Corporate Profitability An economic indicator that calculates net income using profits from current production, book profits and after-tax profits (Delmar, ). Corporate Strategy It is the grand plan, ploy to win. It refers to the overarching strategy of the firm (Ansoff & MCDonald, ).Cited by: 1. Financial Determinants of Corporate Cash Holdings.

Both Kim et al. () and Opler et al. () find that a firm’s cash holdings increase with the level of investment opportunities and the uncertainty in future cash : Gary E.

Powell. On the Determinants of Corporate Hedging Article (PDF Available) in The Journal of Finance 48(1) February with 1, Reads How we measure 'reads'. determinants of the type of borrowing firms do, by estimating jointly the determinants of short-term and long-term borrowing. Such analysis is important because it is difficult to chose among the competing hypotheses about the determinants of corporate borrowing on the basis of economic theory alone.

The model predicts that the optimal investment in liquidity is increasing in the cost of external financing, the variance of future cash flows, and the return on future investment opportunities, while it is decreasing in the return differential between the firm's physical assets and liquid by:   For a sample of companies from Fondon duringthe determinants of investment were obtained using some regression models.

The following groups of explanatory variables were identified: 1) sales, book to market ratio, cash flow, leverage and cash to ossesi, 2) sales and book to market ratio, 3) sales, 4) leverage. THE DETERMINANTS OF CORPORATE BORROWING Stewart C.

Myers I. INTRODUCTION There is an important gap in modern finance theory on the issue of corporate debt policy. The theory should be able to explain why the tax advantages of debt financing do not lead firms to borrow as much as possible, and it should explain the phrase "as much as possible."File Size: 2MB.

The purpose of this paper is to revisit the determinants of cash holding, which include firm size, leverage, cash flow, cash flow volatility, liquid assets, investment opportunity and dividend dummy, in the UK market for the post-crisis period from to Figure “The Investment Demand Curve” shows an investment demand curve for the economy—a curve that shows the quantity of investment demanded at each interest rate, with all other determinants of investment unchanged.

At an interest rate of 8%, the level of. Equity Risk Premiums (ERP): Determinants, Estimation and Implications – The Edition The equity risk premium is the price of risk in equity markets, and it is a key input in estimating costs of equity and capital in both corporate finance and valuation.

Given its importance, it is surprising how haphazard the estimation of equity risk. This book studies the impact of corporate planning and implementation procedures on the level of corporate capital investment. It stands among the few studies within the behavioural economics tradition that employ direct examination of corporate decision processes to address variables of central concern in conventional economics.

In addition, by using a combination of qualitative data from. 2 Increasing Private-Sector Investment in the Nonmedical Determinants of Health.

Private-sector solutions to health thus far have focused almost exclusively on addressing issues of inadequate health care, said Ian Galloway, senior research associate at the Federal Reserve Bank of San Francisco.

Downloadable. The paper models alternative investment-accelerator relationships within the neoclassical theory of Jorgenson followed by firm level panel data estimation and empirical test for other determinants of corporate investment e.g., internal liquidity, profitability, and firms’ financial strength.

Athey and Laumas () claimed that internal liquidity had replaced market demand in. Introduction to "Determinants of Investment Behavior" Robert Ferber.

Chapter in NBER book Determinants of Investment Behavior (), Robert Ferber, editor (p. 3 - 12) Published in by NBER Estimates of the Cost of Capital Relevant for Investment Decisions Under Uncertainty. The Determinants off Corporate Leverage and Dividend Policies Michael J.

Barclay, Clifford W. Smith and Ross L. Watts Deciding how much debt to employ in a company's capital structure and what percentage of earnings to pay out as dividends are among the most basic policy choices confronting corporate financial officers.

Yet.In addition, by using a combination of qualitative data from interviews and corporate documents along with econometric analysis of corporate plans and actual outcomes, the study makes a substantial methodological advance.

Along with the methodological advance comes a different conception of the determinants of corporate capital by: Emphasizing on the implications of the recent structural adjustment policy reforms of s, for investment behavior Athukorala and Sen () examined the determinants of private corporate investment in India.

The results of their econometric analysis suggest that the net impact of the reforms on corporate investment has been salutary.