Loose Monetary Policy and Corporate Investment of Manufacturing Firms in the Czech Republic
Identifikátory výsledku
Kód výsledku v 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>
Nalezeny alternativní kódy
RIV/00216224:14560/18:00104348
Výsledek na webu
<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>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
Loose Monetary Policy and Corporate Investment of Manufacturing Firms in the Czech Republic
Popis výsledku v původním jazyce
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.
Název v anglickém jazyce
Loose Monetary Policy and Corporate Investment of Manufacturing Firms in the Czech Republic
Popis výsledku anglicky
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.
Klasifikace
Druh
J<sub>SC</sub> - Článek v periodiku v databázi SCOPUS
CEP obor
—
OECD FORD obor
50202 - Applied Economics, Econometrics
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2018
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název periodika
Národohospodářský obzor
ISSN
1213-2446
e-ISSN
—
Svazek periodika
18
Číslo periodika v rámci svazku
4
Stát vydavatele periodika
CZ - Česká republika
Počet stran výsledku
15
Strana od-do
371-385
Kód UT WoS článku
000452436400003
EID výsledku v databázi Scopus
2-s2.0-85058640572