DC FieldValueLanguage
dc.contributor.authorKallandranis, Christos-
dc.date.accessioned2024-03-04T20:55:31Z-
dc.date.available2024-03-04T20:55:31Z-
dc.date.issued2019-
dc.identifiergoogle_scholar-cnWOh0UAAAAJ:UebtZRa9Y70C-
dc.identifier.issn2077-4303-
dc.identifier.othercnWOh0UAAAAJ:UebtZRa9Y70C-
dc.identifier.urihttps://uniwacris.uniwa.gr/handle/3000/1350-
dc.description.abstractA dynamic-panel model is applied in order to empirically investigate the relationship between business fixed investment and Tobin’s q for the firms listed in the Athens Stock Exchange (ASE). In particular, we search for non-linearities in the underlying relationship between investment and fundamentals, consistent with the presence of multiple regimes. The empirical results support a discontinuity identifying two-regimes: (a) wherein the first (for values of q below a certain threshold) investment is inelastic to q, while in the second it exhibits a positive relationship, and b) a further non-linearity expressed in a concavity of the investment- q relationship implying that for the segment where investment reacts to fundamentals positively, it does so at a decreasing rate evidence which is consistent with the presence of non-convexities in adjustment costs.en_US
dc.language.isoenen_US
dc.relation.ispartofRisk Governance and Control: Financial Markets & Institutionsen_US
dc.sourceRisk Governance and Control: Financial Markets & Institutions, 2019-
dc.subjectInvestmenten_US
dc.subjectNon-linearitiesen_US
dc.subjectPanel dataen_US
dc.subjectTobin’s qen_US
dc.titleNon-Linear Response of Firm Investment to q: Evidence from Greek Listed Firmsen_US
dc.typeArticleen_US
dc.identifier.doi10.22495/rgcv9i1p5en_US
dc.relation.deptDepartment of Accounting and Financeen_US
dc.relation.facultySchool of Administrative, Economics and Social Sciencesen_US
dc.relation.volume9en_US
dc.relation.issue1en_US
dc.identifier.spage53en_US
dc.identifier.epage63en_US
dc.collaborationUniversity of West Attica (UNIWA)en_US
dc.subject.fieldSocial Sciencesen_US
dc.journalsOpen Accessen_US
dc.publicationPeer Revieweden_US
dc.countryGreeceen_US
item.fulltextNo Fulltext-
item.grantfulltextnone-
item.openairetypeArticle-
item.languageiso639-1en-
item.cerifentitytypePublications-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
crisitem.author.deptDepartment of Accounting and Finance-
crisitem.author.facultySchool of Administrative, Economics and Social Sciences-
crisitem.author.orcid0000-0003-2111-4448-
crisitem.author.parentorgSchool of Administrative, Economics and Social Sciences-
Appears in Collections:Articles / Άρθρα
CORE Recommender
Show simple item record

Page view(s)

28
checked on Nov 23, 2024

Google ScholarTM

Check

Altmetric

Altmetric


Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.