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Corporate Investment, Liquidity Constraints, and the Asset Price Bubble from the 1980s through the 1990s: Evidence from Japan
https://lib.cku.repo.nii.ac.jp/records/1535
https://lib.cku.repo.nii.ac.jp/records/1535a3d0bbbb-466e-41e2-82c5-a6545d96523f
| 名前 / ファイル | ライセンス | アクション |
|---|---|---|
chibakeizaironso62_06.pdf (833.6 kB)
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| Item type | 紀要論文 / Departmental Bulletin Paper_03(1) | |||||||||||||
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| 公開日 | 2020-07-14 | |||||||||||||
| タイトル | ||||||||||||||
| タイトル | Corporate Investment, Liquidity Constraints, and the Asset Price Bubble from the 1980s through the 1990s: Evidence from Japan | |||||||||||||
| 言語 | en | |||||||||||||
| 言語 | ||||||||||||||
| 言語 | eng | |||||||||||||
| キーワード | ||||||||||||||
| 主題Scheme | Other | |||||||||||||
| 主題 | Asset price bubble | |||||||||||||
| キーワード | ||||||||||||||
| 主題Scheme | Other | |||||||||||||
| 主題 | Liquidity constraint | |||||||||||||
| キーワード | ||||||||||||||
| 主題Scheme | Other | |||||||||||||
| 主題 | Corporate investment | |||||||||||||
| 資源タイプ | ||||||||||||||
| 資源タイプ | departmental bulletin paper | |||||||||||||
| 著者 |
増田, 公一
× 増田, 公一
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| Abstract | ||||||||||||||
| 内容記述タイプ | Abstract | |||||||||||||
| 内容記述 | We examine the effect of the asset price bubble in the 1980s on firms’ fixed investment and liquidity constraints using manufacturing panel data. In particular, we try to identify the effect of asset price inflation and the monetary easing policy on firms’ liquidity constraints. The findings are twofold. First, an asset price bubble decreases firms’ liquidity constraints and promotes fixed investment regardless of firm size. Specifically, the effect is greater for large firms than for small firms. Second, the monetary easing policy decreases the liquidity constraint of small firms during asset price inflation. | |||||||||||||
| 書誌情報 |
ja : 千葉経済論叢 en : CHIBA KEIZAI RONSO 号 62, p. 89-102, 発行日 2020-06-30 |
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| 言語 | ja | |||||||||||||
| ISSN | ||||||||||||||
| 収録物識別子タイプ | EISSN | |||||||||||||
| 収録物識別子 | 21876320 | |||||||||||||
| 書誌レコードID | ||||||||||||||
| 収録物識別子タイプ | NCID | |||||||||||||
| 収録物識別子 | AA12625180 | |||||||||||||
