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	Provedor de dados AgEcon (1) Autor Huettel, Silke (1) Musshoff, Oliver (1) Odening, Martin (1) Palavra-chave Capital market imperfections (1) D81 (1) D92 (1) Financial Economics (1) Generalized tobit model (1) Investment decision (1) Irreversibility (1) O12 (1) Q-model (1) Transition (1) Uncertainty (1) Mais... Tipo do documento Conference Paper or Presentation (1) Ano 2007 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Investment Reluctance: Irreversibility or Imperfect Capital Markets? Evidence from German Farm Panel Data AgEcon Huettel, Silke; Musshoff, Oliver; Odening, Martin. Investment behavior at the firm level is characterized by lumpy adjustments and frequent periods of inactivity. Low investment rates are particularly puzzling in transition economies where an urgent need of modernization exists. The literature offers two explanations for. Firstly, neo-institutional finance theory focuses on the impacts of imperfect capital markets on investment decisions showing that the limited availability of financial funds may confine firms’ investments. Secondly, real options theory asserts that the interaction of irreversibility, uncertainty and flexibility may also result in investment reluctance. In this paper we suggest a generalized model that combines imperfect capital markets and real options effects. We also offer an... Tipo: Conference Paper or Presentation Palavras-chave: Investment decision; Irreversibility; Uncertainty; Q-model; Capital market imperfections; Generalized tobit model; Transition; Financial Economics; D81; D92; O12. Ano: 2007 URL: http://purl.umn.edu/9826 Registros recuperados: 1 Primeira ... 1 ... Última

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