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摘要
En 中文
We study the effects of monetary policy-induced changes in Tobin's q on corporate investment and capital structure. We develop a theory of the mechanism, provide empirical evidence, evaluate the ability of the quantitative theory to match the evidence, and quantify the relevance for monetary transmission to aggregate investment.
Keyword:
STOCK-MARKET
CAPITAL STRUCTURE
POLICY SURPRISES
INTEREST-RATES
INVESTMENT
LIQUIDITY
COSTS
FIRMS
期刊
IF:
6.3
论文数:
2.6K
被引数:
3.2W


