Monetary Policy, Corporate Financial Composition and Real Activity

Autor :Paul Mizen, Cihan Yalçin
Herausgeber :
Central Bank Of Turkey, Research Department
Herkunft :Sondersammelgebiet Vorderer Orient einschl. Nordafrika
Datum :01.01.2006
Dokumente :
Dataobject from HALCoRe_document_00013054
Typ :Forschungsarbeit
Format :Text
Kurzfassung :This paper addresses two fundamental questions about monetary policy, credit conditions and corporate activity. First, can we relate differences in the composition of debt between tight and loose periods of monetary policy to firm characteristics like size, age, indebtedness or risk? Second, do differences in companies’ financial compositions matter for real activity of firms such as inventory and employment
growth? The paper offers some evidence from firms in the UK manufacturing sector which suggests the composition of debt differs considerably with characteristics such as size, age, debt and risk, it also shows a significant effect from financial composition and cash flow to inventory and employment growth.
Schlagwörter :Türkei
Quelle :http://www.tcmb.gov.tr/research/discus/WP0601ENG.pdf
Rechte :Autor
Anmerkungen :http://www.econturk.org/
Erstellt am :14.03.2012 - 21:36:13
Letzte Änderung :14.03.2012 - 21:36:44
MyCoRe ID :HALCoRe_document_00013054
Statische URL :http://edoc.bibliothek.uni-halle.de/servlets/DocumentServlet?id=13054