Loose Monetary Policy and Corporate Investment of Manufacturing Firms in the Czech Republic
The result's identifiers
Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43110%2F18%3A43914405" target="_blank" >RIV/62156489:43110/18:43914405 - isvavai.cz</a>
Alternative codes found
RIV/00216224:14560/18:00104348
Result on the web
<a href="https://doi.org/10.2478/revecp-2018-0019" target="_blank" >https://doi.org/10.2478/revecp-2018-0019</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.2478/revecp-2018-0019" target="_blank" >10.2478/revecp-2018-0019</a>
Alternative languages
Result language
angličtina
Original language name
Loose Monetary Policy and Corporate Investment of Manufacturing Firms in the Czech Republic
Original language description
The aim of the paper is to evaluate the effects of loose monetary policy on corporate investment of manufacturing firms in the Czech Republic during the period between 2006 and 2015. The main focus of the paper is on the effect of low interest rates on investment activity of Czech firms; additionally, the effects of interactions between interest rate and other firm-specific variables are investigated. The results indicate that corporate investment is positively associated with firm size, investment opportunities, and long term debt. Also, a negative effect of the cash position is found. Further, the findings show that monetary policy is a significant determinant of firm investment activity: when the monetary policy is loose, investment is positively affected. Furthermore, differences in the determinants of investment between highly and low lever aged firms were revealed.
Czech name
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Czech description
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Classification
Type
J<sub>SC</sub> - Article in a specialist periodical, which is included in the SCOPUS database
CEP classification
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OECD FORD branch
50202 - Applied Economics, Econometrics
Result continuities
Project
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Continuities
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Others
Publication year
2018
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Data specific for result type
Name of the periodical
Národohospodářský obzor
ISSN
1213-2446
e-ISSN
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Volume of the periodical
18
Issue of the periodical within the volume
4
Country of publishing house
CZ - CZECH REPUBLIC
Number of pages
15
Pages from-to
371-385
UT code for WoS article
000452436400003
EID of the result in the Scopus database
2-s2.0-85058640572