| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Kallandranis, Christos | - |
| dc.date.accessioned | 2024-03-04T20:55:31Z | - |
| dc.date.available | 2024-03-04T20:55:31Z | - |
| dc.date.issued | 2019 | - |
| dc.identifier | google_scholar-cnWOh0UAAAAJ:UebtZRa9Y70C | - |
| dc.identifier.issn | 2077-4303 | - |
| dc.identifier.other | cnWOh0UAAAAJ:UebtZRa9Y70C | - |
| dc.identifier.uri | https://uniwacris.uniwa.gr/handle/3000/1350 | - |
| dc.description.abstract | A 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.iso | en | en_US |
| dc.relation.ispartof | Risk Governance and Control: Financial Markets & Institutions | en_US |
| dc.source | Risk Governance and Control: Financial Markets & Institutions, 2019 | - |
| dc.subject | Investment | en_US |
| dc.subject | Non-linearities | en_US |
| dc.subject | Panel data | en_US |
| dc.subject | Tobin’s q | en_US |
| dc.title | Non-Linear Response of Firm Investment to q: Evidence from Greek Listed Firms | en_US |
| dc.type | Article | en_US |
| dc.identifier.doi | 10.22495/rgcv9i1p5 | en_US |
| dc.relation.dept | Department of Accounting and Finance | en_US |
| dc.relation.faculty | School of Administrative, Economics and Social Sciences | en_US |
| dc.relation.volume | 9 | en_US |
| dc.relation.issue | 1 | en_US |
| dc.identifier.spage | 53 | en_US |
| dc.identifier.epage | 63 | en_US |
| dc.collaboration | University of West Attica (UNIWA) | en_US |
| dc.subject.field | Social Sciences | en_US |
| dc.journals | Open Access | en_US |
| dc.publication | Peer Reviewed | en_US |
| dc.country | Greece | en_US |
| item.cerifentitytype | Publications | - |
| item.languageiso639-1 | en | - |
| item.openairetype | Article | - |
| item.openairecristype | http://purl.org/coar/resource_type/c_18cf | - |
| item.fulltext | No Fulltext | - |
| item.grantfulltext | none | - |
| crisitem.author.dept | Department of Accounting and Finance | - |
| crisitem.author.faculty | School of Administrative, Economics and Social Sciences | - |
| crisitem.author.orcid | 0000-0003-2111-4448 | - |
| crisitem.author.parentorg | School of Administrative, Economics and Social Sciences | - |
| Appears in Collections: | Articles / Άρθρα | |
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