Financial Frictions, Investment and Tobin's Q
Language: en
Pages: 48
Authors: Guido Lorenzoni
Categories: Corporations
Type: BOOK - Published: 2007 - Publisher:

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We develop a model of investment with financial constraints and use it to investigate the relation between investment and Tobin's q. A firm is financed partly b
Financial Constraints, Intangible Assets, and Firm Dynamics
Language: en
Pages: 38
Authors: Sophia Chen
Categories: Social Science
Type: BOOK - Published: 2014-05-14 - Publisher: International Monetary Fund

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I study whether firms' reliance on intangible assets is an important determinant of financing constraints. I construct new measures of firm-level physical and i
Credit Spreads and Investment Opportunities
Language: en
Pages: 46
Authors: Tao Shen
Categories:
Type: BOOK - Published: 2015 - Publisher:

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Do credit spreads signal firm investment opportunities just like Tobin's q? Because both credit spreads and Tobin's q are market prices, they should contain sim
Corporate Investment and the Real Exchange Rate
Language: en
Pages: 47
Authors: Mai Chi Dao
Categories: Business & Economics
Type: BOOK - Published: 2017-08-07 - Publisher: International Monetary Fund

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We examine the relationship between real exchange rate depreciations and indicators of firm performance using data for a sample of more than 30,000 firms from 6
Financial Frictions, Investment, and Institutions
Language: en
Pages: 47
Authors: Mr.Stijn Claessens
Categories: Business & Economics
Type: BOOK - Published: 2010-10-01 - Publisher: International Monetary Fund

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Financial frictions have been identified as key factors affecting economic fluctuations and growth. But, can institutional reforms reduce financial frictions? B