Financing constraints, firm level adjustment of capital and aggregate implications:
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Frankfurt am Main
Dt. Bundesbank
2008
|
| Schriftenreihe: | Discussion paper / Deutsche Bundesbank : Series 1, Economic studies
2008,11 |
| Online-Zugang: | Volltext Inhaltsverzeichnis |
| Beschreibung: | Zsfassung in dt. und engl. Sprache. - Online-Ausg. im Internet |
| Beschreibung: | 36 S. graph. Darst. |
| ISBN: | 9783865584267 9783865584274 |
Internformat
MARC
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| 020 | |a 9783865584267 |c (Printversion) |9 978-3-86558-426-7 | ||
| 020 | |a 9783865584274 |c (Internetversion) |9 978-3-86558-427-4 | ||
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| 245 | 1 | 0 | |a Financing constraints, firm level adjustment of capital and aggregate implications |c Ulf von Kalckreuth |
| 264 | 1 | |a Frankfurt am Main |b Dt. Bundesbank |c 2008 | |
| 300 | |a 36 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 490 | 1 | |a Discussion paper / Deutsche Bundesbank : Series 1, Economic studies |v 2008,11 | |
| 500 | |a Zsfassung in dt. und engl. Sprache. - Online-Ausg. im Internet | ||
| 810 | 2 | |a Deutsche Bundesbank |t Discussion paper |v Series 1, Economic studies ; 2008,11 |w (DE-604)BV017594637 |9 2008,11 | |
| 856 | 4 | 1 | |u http://hdl.handle.net/10419/19722 |x Verlag |z kostenfrei |3 Volltext |
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| 912 | |a ebook | ||
| 999 | |a oai:aleph.bib-bvb.de:BVB01-016552393 | ||
Datensatz im Suchindex
| _version_ | 1804137735711096832 |
|---|---|
| adam_text | Contents
1 Introduction 1
2 Financing constraints and investment dynamics 3
3 State dependent adjustment dynamics with unobserved targets 5
3.1 The estimation problem 6
3.2 A non-linear transformation 7
4 Empirical strategy 9
5 Descriptive statistics and estimation results 12
6 Aggregate implications of adjustment heterogeneity 16
References 18
Lists of Tables and Graphs
Table 1
Table 2
Table 3
Table 4
Table 5
Table 6
Table 7
Table 8
Descriptive statistics for continuous variables
Breakdown by firm size classes
Financing and sales conditions for realised investment:
Tabulations and panel variation
Transition matrix for regime partition R(2)
Transition matrix for regime partition R(3)
Adjustment speed according to financing conditions
Regime partition R(l), 5 regimes, based on factors for
realised investment
Adjustment speed according to financing conditions
Regime partition R(2), 3 regimes, based on factors for
realised investment
Adjustment speed according to financing conditions and
expansion mode
Regime partition R(3), 3 regimes, based on lagged
factors for expected investment
21
21
22
22
23
24
25
26
Graph 1
Time varying sensitivity of capital demand
(for Regime Partition R(3), Table 8, Column I)
27
|
| adam_txt |
Contents
1 Introduction 1
2 Financing constraints and investment dynamics 3
3 State dependent adjustment dynamics with unobserved targets 5
3.1 The estimation problem 6
3.2 A non-linear transformation 7
4 Empirical strategy 9
5 Descriptive statistics and estimation results 12
6 Aggregate implications of adjustment heterogeneity 16
References 18
Lists of Tables and Graphs
Table 1
Table 2
Table 3
Table 4
Table 5
Table 6
Table 7
Table 8
Descriptive statistics for continuous variables
Breakdown by firm size classes
Financing and sales conditions for realised investment:
Tabulations and panel variation
Transition matrix for regime partition R(2)
Transition matrix for regime partition R(3)
Adjustment speed according to financing conditions
Regime partition R(l), 5 regimes, based on factors for
realised investment
Adjustment speed according to financing conditions
Regime partition R(2), 3 regimes, based on factors for
realised investment
Adjustment speed according to financing conditions and
expansion mode
Regime partition R(3), 3 regimes, based on lagged
factors for expected investment
21
21
22
22
23
24
25
26
Graph 1
Time varying sensitivity of capital demand
(for Regime Partition R(3), Table 8, Column I)
27 |
| any_adam_object | 1 |
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| building | Verbundindex |
| bvnumber | BV023369097 |
| collection | ebook |
| ctrlnum | (OCoLC)244044383 (DE-599)BVBBV023369097 |
| discipline | Wirtschaftswissenschaften |
| discipline_str_mv | Wirtschaftswissenschaften |
| format | Book |
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| id | DE-604.BV023369097 |
| illustrated | Illustrated |
| index_date | 2024-07-02T21:11:56Z |
| indexdate | 2024-07-09T21:17:01Z |
| institution | BVB |
| isbn | 9783865584267 9783865584274 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-016552393 |
| oclc_num | 244044383 |
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| owner_facet | DE-12 DE-20 DE-355 DE-BY-UBR DE-188 |
| physical | 36 S. graph. Darst. |
| psigel | ebook |
| publishDate | 2008 |
| publishDateSearch | 2008 |
| publishDateSort | 2008 |
| publisher | Dt. Bundesbank |
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| series2 | Discussion paper / Deutsche Bundesbank : Series 1, Economic studies |
| spelling | Kalckreuth, Ulf von 1963- Verfasser (DE-588)120766523 aut Financing constraints, firm level adjustment of capital and aggregate implications Ulf von Kalckreuth Frankfurt am Main Dt. Bundesbank 2008 36 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Discussion paper / Deutsche Bundesbank : Series 1, Economic studies 2008,11 Zsfassung in dt. und engl. Sprache. - Online-Ausg. im Internet Deutsche Bundesbank Discussion paper Series 1, Economic studies ; 2008,11 (DE-604)BV017594637 2008,11 http://hdl.handle.net/10419/19722 Verlag kostenfrei Volltext HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016552393&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Kalckreuth, Ulf von 1963- Financing constraints, firm level adjustment of capital and aggregate implications |
| title | Financing constraints, firm level adjustment of capital and aggregate implications |
| title_auth | Financing constraints, firm level adjustment of capital and aggregate implications |
| title_exact_search | Financing constraints, firm level adjustment of capital and aggregate implications |
| title_exact_search_txtP | Financing constraints, firm level adjustment of capital and aggregate implications |
| title_full | Financing constraints, firm level adjustment of capital and aggregate implications Ulf von Kalckreuth |
| title_fullStr | Financing constraints, firm level adjustment of capital and aggregate implications Ulf von Kalckreuth |
| title_full_unstemmed | Financing constraints, firm level adjustment of capital and aggregate implications Ulf von Kalckreuth |
| title_short | Financing constraints, firm level adjustment of capital and aggregate implications |
| title_sort | financing constraints firm level adjustment of capital and aggregate implications |
| url | http://hdl.handle.net/10419/19722 http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016552393&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| volume_link | (DE-604)BV017594637 |
| work_keys_str_mv | AT kalckreuthulfvon financingconstraintsfirmleveladjustmentofcapitalandaggregateimplications |