Sensitivity of Liquidity, Investment Decision, and Financial Constraints
نویسندگان
چکیده
منابع مشابه
Effects of Managerial Sentiments and Financial Constraints on Investment Sensitivity
Abstract: In the present study, managerial sentiment refers to the pleasant and optimistic feeling of the managers and decision makers in the companies. Optimism can be considered a spiritual state showing ones hope for the future. Talking about a company, it is the manger’s hope for future of the company. Accordingly, the present study examines effects of the managerial optimism on the relati...
متن کاملInvestment, Liquidity Risk, and the Transparency of Financial Intermediaries (Preliminary)
In this paper, we study the implications for business activity of a lack of balance sheet transparency in intermediaries. To do so, we adopt a model of intermediated entrepreneurial investment in which the assets held by intermediaries can be monitored only imperfectly. In our model, these assets matter, because intermediaries insure Þrms against the possibility of a liquidity shock. We show th...
متن کاملInvestigating the Effect of Financial Constraints and Different Levels of Agency Cost on Investment Efficiency
This research attempts to investigate the effect of financial constraints and different levels of agency costs on the investment efficiency of companies in Iran. Following the design of the financial risk assessment indexes, the transaction information was collected from the Stock Exchange in the five-year period of 2011-2015. The statistical sample consists of 128 companies selected by samplin...
متن کاملthe effect of financial liberalization on household liquidity constraints
in this paper, the effect of financial liberalization on household’s budget liquidity constraint is analyzed with the use of an error correction model. financial liberalization will decline liquidity constraint, with expanding means of making future incomes available for present consumption. here a financial liberalization index for iran is defined using principal component analysis technique, ...
متن کاملInvestment, R&d and Financial Constraints in Britain and Germany Investment, R&d and Financial Constraints in Britain and Germany
This paper tests for the importance of cash flow on investment in fixed capital and R&D using firm-level panel data in two countries between 1985 and 1994. For German firms, cash flow is not informative in simple econometric models of fixed investment or R&D. In identical specifications for British firms, cash flow is informative about investment, although not about the level of R&D spending co...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Indonesian Capital Market Review
سال: 2018
ISSN: 2356-3818,1979-8997
DOI: 10.21002/icmr.v10i1.10872