Hallo! Tracked shipping to Austria with Delivery Duty Paid for just €3.99  

Ship to
Austria
0

My Account

  • argentina
  • chile
  • colombia
  • españa
  • méxico
  • perú
  • estados unidos
  • internacional

menu

Select your country

Americas

Europe

Rest of the world

portada Multiple Q and Investment in Japan
Type
Physical Book
Author
Publisher
Language
English
Pages
184
Format
Paperback
Dimensions
23.4 x 15.6 x 1.1 cm
Weight
0.29 kg.
ISBN13
9789811529832
Categories

Multiple Q and Investment in Japan

Jun-Ichi Nakamura (Author) · Kazumi Asako (Author) · Konomi Tonogi (Author) · Springer · Paperback

Multiple Q and Investment in Japan - Asako, Kazumi ; Nakamura, Jun-Ichi ; Tonogi, Konomi

Cheaper New Book Imported to Austria
Delivery: 24 Aug - 01 Sep Shipping: 13 to 17 business days.
123,88 €
Faster New Book Imported to Austria
Delivery: 12 Aug - 14 Aug Shipping: 5 to 6 business days.
166,82 €
Import costs and 10% VAT included in the price ✅
123,88 €

Choose the list to add your product or create one New List

Go to My Wishlists
Calculate shipping cost

Synopsis "Multiple Q and Investment in Japan"

In this book, a framework of the investment function is developed that allows for the heterogeneity of capital goods, i.e., the Multiple q model, and investment behavior in Japan by employing this Multiple q framework is developed. The standard approach to investment behavior is Tobin's q theory in which the investment rate is a linear function of only the q ratio, or a firm's market value measured by its capital goods. As is well known, however, its empirical performance has been almost universally unsatisfactory. Thus the development of a new framework.The authors inquire into and statistically test null hypotheses set on such issues as (a) heterogeneity of multiple capital goods, (b) non-convex adjustment costs to inspire lumpy investment, (c) differences in the adjustment costs in accumulating capital stock through new purchases, second-hand market acquisitions, and large-scale repairs, and (d) capital market imperfections.The test results show that, irrespective of the time period, firms' size, and the industry to which firms belong, (a) multiple capital goods are not homogeneous, (b) some firms face adjustment cost structures that eventually lead to occasional lumpy investment, (c) the method of acquiring investment matters in accumulating capital stock, and (d) capital market imperfections would constrain some lumpy investment.This book is published in cooperation with the Research Institute of Capital Formation, Development Bank of Japan.

Customers reviews

More customer reviews
  • 0% (0)
  • 0% (0)
  • 0% (0)
  • 0% (0)
  • 0% (0)

Frequently Asked Questions about the Book

Is the book original?

All books in our catalog are Original.

In what language is the book written?

The book is written in English.

What is the format of this book?

The binding of this edition is Paperback.

Questions and Answers about the Book

Do you have a question about the book? Login to be able to add your own question.

Opinions about Bookdelivery

More customer reviews