[go: up one dir, main page]
More Web Proxy on the site http://driver.im/
create a website
Financial Frictions, Investment and Tobins q. (2007). Walentin, Karl ; Lorenzoni, Guido.
In: NBER Working Papers.
RePEc:nbr:nberwo:13092.

Full description at Econpapers || Download paper

Cited: 9

Citations received by this document

Cites: 27

References cited by this document

Cocites: 31

Documents which have cited the same bibliography

Coauthors: 0

Authors who have wrote about the same topic

Citations

Citations received by this document

  1. A Unified Model of Firm Dynamics with Limited Commitment and Assortative Matching. (2021). Li, Rui ; Kiku, Dana ; Ai, Hengjie ; Tong, Jincheng.
    In: Journal of Finance.
    RePEc:bla:jfinan:v:76:y:2021:i:1:p:317-356.

    Full description at Econpapers || Download paper

  2. “How relevant is capital structure for aggregate investment? a regime-switching approach”. (2018). Simmons-Suer, Banu.
    In: International Review of Economics & Finance.
    RePEc:eee:reveco:v:53:y:2018:i:c:p:109-117.

    Full description at Econpapers || Download paper

  3. Liquidity and Risk Management: Coordinating Investment and Compensation Policies. (2016). Bolton, Patrick ; Yang, Jinqiang ; Wang, Neng.
    In: 2016 Meeting Papers.
    RePEc:red:sed016:1703.

    Full description at Econpapers || Download paper

  4. Investment and CEO compensation under limited commitment. (2015). Ai, Hengjie ; Li, Rui.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:116:y:2015:i:3:p:452-472.

    Full description at Econpapers || Download paper

  5. The role of dynamic renegotiation and asymmetric information in financial contracting. (2015). Roberts, Michael R..
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:116:y:2015:i:1:p:61-81.

    Full description at Econpapers || Download paper

  6. Expectation driven business cycles with limited enforcement. (2014). Walentin, Karl.
    In: Economics Letters.
    RePEc:eee:ecolet:v:124:y:2014:i:2:p:300-303.

    Full description at Econpapers || Download paper

  7. Institutions and financial frictions: Estimating with structural restrictions on firm value and investment. (2014). Ueda, Kenichi ; Claessens, Stijn ; Yafeh, Yishay .
    In: Journal of Development Economics.
    RePEc:eee:deveco:v:110:y:2014:i:c:p:107-122.

    Full description at Econpapers || Download paper

  8. Collateral and capital structure. (2013). Viswanathan, S ; Rampini, Adriano.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:109:y:2013:i:2:p:466-492.

    Full description at Econpapers || Download paper

  9. A unified model of entrepreneurship dynamics. (2012). Wang, Neng ; Yang, Jinqiang.
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:106:y:2012:i:1:p:1-23.

    Full description at Econpapers || Download paper

References

References cited by this document

  1. [1] Abel, A. and J. C. Eberly, 2004, Q Theory Without Adjustment Costs and Cash Flow Effects Without Financing Constraints, mimeo, Wharton.

  2. [10] Cooley, T., R. Marimon and V. Quadrini, 2004 , Aggregate Consequences of Limited Contract Enforceability, Journal of Political Economy, Vol. 112, pp. 817-847.

  3. [11] Cooper, R. and J. Ejarque, 2001, Exhuming q: Market power vs. capital market imperfections, NBER working paper 8182.

  4. [12] Cooper, R. and J. Ejarque, 2003, Financial frictions and investment: requiem in q, Review of Economic Dynamics, Vol. 6, pp. 710-728.

  5. [13] Erickson, T. and T. Whited, 2000, Measurement error and the relationship between investment and q, Journal of Political Economy, Vol. 108, pp. 1027-1057.

  6. [14] Fazzari, S., G. Hubbard and B. Petersen, 1988, Financing constraints and corporate investment, Brooking Papers on Economic Activity, Vol. 1, pp. 141-195. 30

  7. [15] Gilchrist, S. and C. Himmelberg, 1995, Evidence on the role of cash flow for investment, Journal of Monetary Economics, Vol. 36, pp. 541-572.

  8. [16] Gilchrist, S. and C. Himmelberg, 1998, Investment, Fundamentals and Finance, NBER Macro Annual, B. Bernanke and J. Rotemberg eds., the MIT Press, Cambridge, pp. 223-274.

  9. [17] Gilchrist, S., C. Himmelberg and G. Huberman, 2005, Do Stock Price Bubbles Influence Corporate Investment? Journal of Monetary Economics.

  10. [18] Gomes, J., 2001, Financing Investment, American Economic Review, Vol. 91, pp. 1263-1285.

  11. [19] Hayashi, F., 1982, Tobins marginal q, and average q: a neoclassical interpretation, Econometrica, Vol. 50, pp. 215-224.

  12. [2] Abel, A. and J. C. Eberly, 2005, Investment, Valuation and Growth Options, mimeo, Wharton.
    Paper not yet in RePEc: Add citation now

  13. [20] Holmstrom, B. and J. Tirole, 1997. Financial Intermediation, Loanable Funds, and The Real Sector, Quarterly Journal of Economics, Vol. 112, pp. 663-691.

  14. [21] Hubbard, G., 1998, Capital-Market Imperfections and Investment, Journal of Economic Literature, Vol. 36, pp. 193-225.

  15. [22] Kaplan, S. and L. Zingales, 1997, Do Investment-Cash Flow Sensitivities Provide Useful Measures of Finance Constraints? Quarterly Journal of Economics, Vol. 112, pp. 169-215.

  16. [23] Kiyotaki, N. and J. Moore, 1997, Credit Cycles, Journal of Political Economy, Vol. 105, pp. 211-248.
    Paper not yet in RePEc: Add citation now
  17. [24] Panageas, 5. 2005, The Neoclassical q Theory of Investment in Speculative Markets, mimeo, Wharton.
    Paper not yet in RePEc: Add citation now

  18. [25] Rauh, J. D., 2006, Investment and Financing Constraints: Evidence from the Funding of Corporate Pension Plans, Journal of Finance, 61(1), pp. 33-71.

  19. [26] Sargent, T., 1980, `Tobins q and the Rate of Investment in General Equilibrium, Carnegie-Rochester Conference Series on Public Policy, Vol. 12, pp. 107-154.

  20. [27] Schiantarelli, F. and G. Georgoutsos, 1990, Monopolistic Competition and the Q Theory of Investment, European Economic Review, 34:5 (July 1990), 1061-1078.

  21. [28] Walentin, K., 2007, Expectation Driven Business Cycles with Limited Enforcement, mimeo, Sveriges Riksbank. 31

  22. [3] Albuquerque, R. and H. A. Hopenhayn, 2004, Optimal Lending Contracts and Firm Dynamics, Review of Economic Studies, 71(2), pp. 285-315.

  23. [4] Bernanke, B., M. Gertler, 1989, Agency Costs, Net Worth, and Business Fluctuations, American Economic Review, 79 (1), pp. 14-31.

  24. [5] Bernanke, B., M. Gertler and S. Gilchrist, 2000, The Financial Accelerator in a quantitative Business Cycle Framework, Handbook of Macroeconomics, North Holland.
    Paper not yet in RePEc: Add citation now

  25. [6] Bond S. and J. Cummins, 2001, Noisy Share Prices and the Q model of Investment, Institute for Fiscal Studies WP 01/22.

  26. [7] Carlstrom, C. and T. S. Fuerst, 1997, Agency Costs, Net Worth, and Business Fluctuations: A Computable General Equilibrium Analysis, American Economic Review, Vol. 87, pp. 893-910.

  27. [9] Chirinko, R. and H. Shaller, 2001, Business Fixed Investment and Bubbles: The Japanese Case, American Economic Review, pp. 663-680

Cocites

Documents in RePEc which have cited the same bibliography

  1. INVESTIGATING THE OPTIMAL EXIT TIMING AND LEVERAGE DURING THE COVID-19 CRISIS. (2023). Bellalah, Makram ; ben Abdelhamid, Mohamed.
    In: Studii Financiare (Financial Studies).
    RePEc:vls:finstu:v:27:y:2023:i:1:p:18-38.

    Full description at Econpapers || Download paper

  2. Do Interest Rates Affect Business Investment? Evidence from Australian Company-level Data. (2018). La Cava, Gianni ; Hambur, Jonathan.
    In: RBA Research Discussion Papers.
    RePEc:rba:rbardp:rdp2018-05.

    Full description at Econpapers || Download paper

  3. Financial Frictions, Investment and Tobin’s q. (2013). Walentin, Karl ; Lorenzoni, Guido ; Cao, Dan.
    In: 2013 Meeting Papers.
    RePEc:red:sed013:634.

    Full description at Econpapers || Download paper

  4. The role of non-convex costs in firms investment and financial dynamics. (2013). Bazdresch, Santiago.
    In: Journal of Economic Dynamics and Control.
    RePEc:eee:dyncon:v:37:y:2013:i:5:p:929-950.

    Full description at Econpapers || Download paper

  5. Duration of new firms: The role of startup financial conditions, industry and aggregate factors. (2012). Voia, Marcel ; Petrunia, Robert ; Huynh, Kim.
    In: Structural Change and Economic Dynamics.
    RePEc:eee:streco:v:23:y:2012:i:4:p:354-362.

    Full description at Econpapers || Download paper

  6. Firm Investment & Credit Constraints in India, 1997 ??? 2006: A stochastic frontier approach. (2011). Kumbhakar, Subal ; Bhaumik, Sumon ; Das, Pranab Kumar.
    In: William Davidson Institute Working Papers Series.
    RePEc:wdi:papers:2011-1010.

    Full description at Econpapers || Download paper

  7. Investment–cash flow sensitivities, credit rationing and financing constraints in small and medium-sized firms. (2010). HASAN, IFTEKHAR ; Becchetti, Leonardo ; Castelli, Annalisa.
    In: Small Business Economics.
    RePEc:kap:sbusec:v:35:y:2010:i:4:p:467-497.

    Full description at Econpapers || Download paper

  8. NO DEEP POCKETS: SOME STYLIZED EMPIRICAL RESULTS ON FIRMS FINANCIAL CONSTRAINTS. (2010). Silva, Filipe ; Carreira, Carlos.
    In: Journal of Economic Surveys.
    RePEc:bla:jecsur:v:24:y:2010:i:4:p:731-753.

    Full description at Econpapers || Download paper

  9. No Deep Pockets: Some stylized results on firms financial constraints. (2009). Silva, Filipe ; Carreira, Carlos.
    In: GEMF Working Papers.
    RePEc:gmf:wpaper:2009-06.

    Full description at Econpapers || Download paper

  10. Financing constraints, firm level adjustment of capital and aggregate implications. (2008). von Kalckreuth, Ulf.
    In: Discussion Paper Series 1: Economic Studies.
    RePEc:zbw:bubdp1:7338.

    Full description at Econpapers || Download paper

  11. Investment and Value: A Neoclassical Benchmark. (2008). Vincent, Nicolas ; Rebelo, Sergio ; Eberly, Janice.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:13866.

    Full description at Econpapers || Download paper

  12. Investment and Value: A Neoclassical Benchmark. (2008). Vincent, Nicolas ; Rebelo, Sergio ; Eberly, Janice.
    In: Cahiers de recherche.
    RePEc:iea:carech:0803.

    Full description at Econpapers || Download paper

  13. Cash flow, investment, and investment opportunities: New tests using UK panel data. (2008). Guariglia, Alessandra ; Carpenter, Robert.
    In: Journal of Banking & Finance.
    RePEc:eee:jbfina:v:32:y:2008:i:9:p:1894-1906.

    Full description at Econpapers || Download paper

  14. Investment and Value: A Neoclassical Benchmark. (2008). Vincent, Nicolas ; Rebelo, Sergio ; Eberly, Janice.
    In: CEPR Discussion Papers.
    RePEc:cpr:ceprdp:6737.

    Full description at Econpapers || Download paper

  15. Financial Frictions, Investment and Tobins q. (2007). Walentin, Karl ; Lorenzoni, Guido.
    In: NBER Working Papers.
    RePEc:nbr:nberwo:13092.

    Full description at Econpapers || Download paper

  16. Financial Frictions, Investment and Tobin’s q. (2007). Walentin, Karl ; Lorenzoni, Guido.
    In: Working Paper Series.
    RePEc:hhs:rbnkwp:0208.

    Full description at Econpapers || Download paper

  17. Testing Q theory with financing frictions. (2007). Whited, Toni ; Levy, Amnon ; Hennessy, Christopher A..
    In: Journal of Financial Economics.
    RePEc:eee:jfinec:v:83:y:2007:i:3:p:691-717.

    Full description at Econpapers || Download paper

  18. Testing financing constraints on firm investment using variable capital. (2006). Caggese, Andrea.
    In: Economics Working Papers.
    RePEc:upf:upfgen:1009.

    Full description at Econpapers || Download paper

  19. The effect of financial development on the investment cash flow relationship: cross-country evidence from Europe. (2006). Sivadasan, Jagadeesh ; Becker, Bo.
    In: Working Paper Series.
    RePEc:ecb:ecbwps:2006689.

    Full description at Econpapers || Download paper

  20. Returns to equity, investment and Q: evidence from the United Kingdom. (2006). Schleicher, Christoph ; Price, Simon.
    In: Bank of England working papers.
    RePEc:boe:boeewp:310.

    Full description at Econpapers || Download paper

  21. On the Accuracy of Different Measures of q. (2006). Whited, Toni ; Erickson, Timothy .
    In: Financial Management.
    RePEc:bla:finmgt:v:35:y:2006:i:3:p:5-33.

    Full description at Econpapers || Download paper

  22. Limited Attention, Interaction and the Growth of a Firm. (2005). Takii, Katsuya.
    In: Macroeconomics.
    RePEc:wpa:wuwpma:0506005.

    Full description at Econpapers || Download paper

  23. Gestation lags for capital, cash flows, and Tobins Q. (2005). Millar, Jonathan N..
    In: Finance and Economics Discussion Series.
    RePEc:fip:fedgfe:2005-24.

    Full description at Econpapers || Download paper

  24. RETURNS TO EQUITY, INVESTMENT AND Q: EVIDENCE FROM THE UK. (2005). Schleicher, Christoph ; Price, Simon.
    In: Manchester School.
    RePEc:bla:manchs:v:73:y:2005:i:s1:p:32-57.

    Full description at Econpapers || Download paper

  25. Dividend and Capital Gains Taxation in a Cross-Section of Firms. (2004). Dietz, Martin.
    In: Public Economics.
    RePEc:wpa:wuwppe:0405004.

    Full description at Econpapers || Download paper

  26. A Vectorautoregressive Investment Model (VIM) and Monetary Policy Transmission: Panel Evidence from German Firms. (2003). von Kalckreuth, Ulf ; Chirinko, Bob ; Breitung, Jörg.
    In: Discussion Paper Series 1: Economic Studies.
    RePEc:zbw:bubdp1:4201.

    Full description at Econpapers || Download paper

  27. What Can We Learn About the Sensitivity of Investment to Stock Prices with a Better Measure of Tobins q?. (2003). Gentry, William ; Mayer, Christopher J..
    In: Department of Economics Working Papers.
    RePEc:wil:wileco:2003-03.

    Full description at Econpapers || Download paper

  28. Ownership structure, board composition and the market for corporate control in the UK: an empirical analysis. (2003). Weir, Charlie ; Laing, David .
    In: Applied Economics.
    RePEc:taf:applec:v:35:y:2003:i:16:p:1747-1759.

    Full description at Econpapers || Download paper

  29. Financial Frictions and Investment: Requiem in Q. (2003). Ejarque, João ; Cooper, Russell.
    In: Review of Economic Dynamics.
    RePEc:red:issued:v:6:y:2003:i:4:p:710-728.

    Full description at Econpapers || Download paper

  30. Structural Modelling of Financial Constraints on Investment: Where Do We Stand?. (2003). Chatelain, Jean-Bernard ; Jean- Bernard Chatelain, .
    In: Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers).
    RePEc:hal:cesptp:halshs-00112522.

    Full description at Econpapers || Download paper

  31. Investment, R&D and Financial Constraints in Britain and Germany. (2003). van Reenen, John ; Harhoff, Dietmar ; Bond, Stephen .
    In: CEP Discussion Papers.
    RePEc:cep:cepdps:dp0595.

    Full description at Econpapers || Download paper

Coauthors

Authors registered in RePEc who have wrote about the same topic

Report date: 2024-12-29 00:00:03 || Missing content? Let us know

CitEc is a RePEc service, providing citation data for Economics since 2001. Sponsored by INOMICS. Last updated October, 6 2023. Contact: CitEc Team.