1.

Record Nr.

UNISANNIOBVEE048730

Autore

Albrici, Luigi <1579 ca. - 1655>

Titolo

Quadragesimale del padre Luigi Albrizio piacentino della compagnia di Giesu ..

Pubbl/distr/stampa

In Venetia : appresso li Bertani, 1677

Descrizione fisica

\40!, 375, \1! p. ; 4º

Collocazione

98ANTICO    XVII                    46

Lingua di pubblicazione

Italiano

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Marca non controllata (Due colonne avvolte da nastro: Plus ultra) sul front

Segn.: a⁸ b⁴ c⁸ A-Z⁸ 2A⁴.

2.

Record Nr.

UNINA9910969910803321

Autore

Khramov Vadim

Titolo

Asymmetric Effects of the Financial Crisis : : Collateral-Based Investment-Cash Flow Sensitivity Analysis / / Vadim Khramov

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2012

ISBN

9781475512946

1475512945

9781475554274

1475554273

Edizione

[1st ed.]

Descrizione fisica

1 online resource (29 p.)

Collana

IMF Working Papers

Disciplina

332.6

Soggetti

Investments - Econometric models

Cash flow - Econometric models

Global Financial Crisis, 2008-2009

Accounting

Banks

Capacity

Capital Budgeting

Capital

Collateral

Currencies



Depository Institutions

Economic & financial crises & disasters

Finance

Finance, Public

Financial Crises

Financial crises

Financial institutions

Financial reporting, financial statements

Financial Risk Management

Financial statements

Fixed Investment and Inventory Studies

Global financial crisis of 2008-2009

Government and the Monetary System

Industries: Financial Services

Intangible Capital

Investment

Loans

Macroeconomics

Micro Finance Institutions

Monetary economics

Monetary Systems

Money and Monetary Policy

Money

Mortgages

Payment Systems

Public Administration

Public financial management (PFM)

Public Sector Accounting and Audits

Regimes

Standards

United States

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references.

Nota di contenuto

Cover; Asymmetric Effects of the Financial Crisis: Collateral-Based Investment-Cash Flow Sensitivity Analysis; 1. INTRODUCTION; 2. MODEL; 3. EMPIRICAL APPROACH; Tables; TABLE I. Dynamics of the main variables. U.S. firms, 1990Q1-2011Q2.; TABLE II. Distribution of U.S. firms by assets, 1990-2011; 4. ESTIMATION RESULTS; TABLE III. Estimation results of investment-cash flow sensitivity with the capital, 1990:Q1-2011Q1.; TABLE IV. GMM-IV ESTIMATION RESULTS; TABLE V. IV ESTIMATION RESULTS; TABLE VI. FE MODEL ESTIMATION RESULTS; TABLE VII. RE MODEL ESTIMATION RESULTS; 5. CONCLUSIONS; REFERENCES

AppendixGMM-FD MODEL ESTIMATION RESULTS; BETWEEN MODEL ESTIMATION RESULTS



Sommario/riassunto

This paper uses the financial crisis of 2008 as a natural experiment to demonstrate that when measuring investment-cash flow sensitivity, the value of a firm's assets that can be used as collateral should be taken into account. Using panel data on U.S. firms from 1990 to 2011, it was found that the share of physical capital in assets has a strong influence on investment-cash flow sensitivity, which decreased substantially after the crisis when banks changed their expectations about the value of assets on firms' balance sheets. This paper deepens our understanding of firms' investment behavior.