WebS. Bond and C. Meghir, “Dynamic Investment Models and the Firm’s Financial Policy,” Review of Economic Studies, Vol. 61, No. 2, 1994, pp. 197-222. doi:10.2307/2297978 has been cited by the following article: TITLE: Sensitivity of the Investments of Sub-Saharan Firms to Financial Constraints AUTHORS: Elie Ngongang WebMay 7, 2024 · Considering that revenue does not only affect firms’ cash holding position but also influences the resources that they can use for investment (Bond and Meghir 1994 ), we add a variable Sale to model (1), which is the ratio of sales to total asset for firm i.

Dynamic investment models and the firm

WebOur results, however, are robust to the use of an Euler equation test [Bond and Meghir 1994], which does not rely on Tobin’sQand thus is not affected by its mismeasurement. Second, differences in sensitivities might be driven by a few influential outliers. Webmodel that Bond and Meghir (1994) develop to study fixed investment. We estimate the R&D model using a “systems” GMM estimator that accounts for unobserved firm-specific effects and allows us to address the potential endogeneity of all financial variables. We find little or no evidence that finance molluscum and fever

Econometric Models of Company Investment SpringerLink

WebOur results, however, are robust to the use of an Euler equation test [Bond and Meghir 1994], which does not rely on Tobin's Q and thus is not affected by its mismeasurement. Second, differences in sensitivities might be driven by a few influential outliers. WebApr 1, 1994 · Costas Meghir Published on 1 April 1994 The aim of this paper is to characterize the empirical implications for dynamic investment models of the hierarchy of … Web• Bond, Stephen, and Meghir, Costas, Dynamic Investment Models and the Firm's Financial Policy, Review of Economic Studies , 61, 1994 • Caballero, Ricardo, and Engel, Eduardo, Explaining the Investment Dynamics in U.S. molluscum and rash