Matches in SemOpenAlex for { <https://semopenalex.org/work/W3147029169> ?p ?o ?g. }
Showing items 1 to 93 of
93
with 100 items per page.
- W3147029169 abstract "We study the effect of variation in interest rates on investment spending, employing a large panel data set that links yields on outstanding corporate bonds to the issuer income and balance sheet statements. The bond price data -- based on trades in the secondary market -- enable us to construct a firm-specific measure of the user cost of capital based on the marginal cost of external finance as determined in the market for long-term corporate debt. Our results imply a robust and quantitatively important effect of the user cost of capital on the firm-level investment decisions. According to our estimates, a 1 percentage point increase in the user cost of capital implies a reduction in the investment rate of 50 to 75 basis points and, in the long run, a 1 percent reduction in the stock of capital." @default.
- W3147029169 created "2021-04-13" @default.
- W3147029169 creator A5015677116 @default.
- W3147029169 creator A5030957825 @default.
- W3147029169 date "2007-01-01" @default.
- W3147029169 modified "2023-09-24" @default.
- W3147029169 title "Investment and the Cost of Capital: New Evidence from the Corporate Bond Market" @default.
- W3147029169 hasPublicationYear "2007" @default.
- W3147029169 type Work @default.
- W3147029169 sameAs 3147029169 @default.
- W3147029169 citedByCount "0" @default.
- W3147029169 crossrefType "posted-content" @default.
- W3147029169 hasAuthorship W3147029169A5015677116 @default.
- W3147029169 hasAuthorship W3147029169A5030957825 @default.
- W3147029169 hasConcept C10138342 @default.
- W3147029169 hasConcept C120527767 @default.
- W3147029169 hasConcept C120564339 @default.
- W3147029169 hasConcept C138170105 @default.
- W3147029169 hasConcept C144133560 @default.
- W3147029169 hasConcept C144929662 @default.
- W3147029169 hasConcept C149782125 @default.
- W3147029169 hasConcept C162324750 @default.
- W3147029169 hasConcept C175025494 @default.
- W3147029169 hasConcept C175444787 @default.
- W3147029169 hasConcept C17744445 @default.
- W3147029169 hasConcept C181622380 @default.
- W3147029169 hasConcept C194115793 @default.
- W3147029169 hasConcept C197142791 @default.
- W3147029169 hasConcept C199539241 @default.
- W3147029169 hasConcept C25188504 @default.
- W3147029169 hasConcept C27548731 @default.
- W3147029169 hasConcept C2780999293 @default.
- W3147029169 hasConcept C44750222 @default.
- W3147029169 hasConcept C556758197 @default.
- W3147029169 hasConcept C58202505 @default.
- W3147029169 hasConcept C6422946 @default.
- W3147029169 hasConcept C69738904 @default.
- W3147029169 hasConcept C74734477 @default.
- W3147029169 hasConcept C80515813 @default.
- W3147029169 hasConcept C94625758 @default.
- W3147029169 hasConceptScore W3147029169C10138342 @default.
- W3147029169 hasConceptScore W3147029169C120527767 @default.
- W3147029169 hasConceptScore W3147029169C120564339 @default.
- W3147029169 hasConceptScore W3147029169C138170105 @default.
- W3147029169 hasConceptScore W3147029169C144133560 @default.
- W3147029169 hasConceptScore W3147029169C144929662 @default.
- W3147029169 hasConceptScore W3147029169C149782125 @default.
- W3147029169 hasConceptScore W3147029169C162324750 @default.
- W3147029169 hasConceptScore W3147029169C175025494 @default.
- W3147029169 hasConceptScore W3147029169C175444787 @default.
- W3147029169 hasConceptScore W3147029169C17744445 @default.
- W3147029169 hasConceptScore W3147029169C181622380 @default.
- W3147029169 hasConceptScore W3147029169C194115793 @default.
- W3147029169 hasConceptScore W3147029169C197142791 @default.
- W3147029169 hasConceptScore W3147029169C199539241 @default.
- W3147029169 hasConceptScore W3147029169C25188504 @default.
- W3147029169 hasConceptScore W3147029169C27548731 @default.
- W3147029169 hasConceptScore W3147029169C2780999293 @default.
- W3147029169 hasConceptScore W3147029169C44750222 @default.
- W3147029169 hasConceptScore W3147029169C556758197 @default.
- W3147029169 hasConceptScore W3147029169C58202505 @default.
- W3147029169 hasConceptScore W3147029169C6422946 @default.
- W3147029169 hasConceptScore W3147029169C69738904 @default.
- W3147029169 hasConceptScore W3147029169C74734477 @default.
- W3147029169 hasConceptScore W3147029169C80515813 @default.
- W3147029169 hasConceptScore W3147029169C94625758 @default.
- W3147029169 hasLocation W31470291691 @default.
- W3147029169 hasOpenAccess W3147029169 @default.
- W3147029169 hasPrimaryLocation W31470291691 @default.
- W3147029169 hasRelatedWork W1491627196 @default.
- W3147029169 hasRelatedWork W1581042863 @default.
- W3147029169 hasRelatedWork W1588777143 @default.
- W3147029169 hasRelatedWork W2005331736 @default.
- W3147029169 hasRelatedWork W2006111862 @default.
- W3147029169 hasRelatedWork W2027118702 @default.
- W3147029169 hasRelatedWork W2031701666 @default.
- W3147029169 hasRelatedWork W2056544220 @default.
- W3147029169 hasRelatedWork W2081100671 @default.
- W3147029169 hasRelatedWork W2093055834 @default.
- W3147029169 hasRelatedWork W2105797748 @default.
- W3147029169 hasRelatedWork W2183765404 @default.
- W3147029169 hasRelatedWork W2500274316 @default.
- W3147029169 hasRelatedWork W2800894680 @default.
- W3147029169 hasRelatedWork W2884304684 @default.
- W3147029169 hasRelatedWork W2911609640 @default.
- W3147029169 hasRelatedWork W2965662402 @default.
- W3147029169 hasRelatedWork W3121131628 @default.
- W3147029169 hasRelatedWork W3121223608 @default.
- W3147029169 hasRelatedWork W3202511685 @default.
- W3147029169 isParatext "false" @default.
- W3147029169 isRetracted "false" @default.
- W3147029169 magId "3147029169" @default.
- W3147029169 workType "article" @default.