Series: IMF Working Papers
Author(s): Albert Jaeger
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2003
Keywords: Corporate investment and financing, business cycle, capital stock, financial assets, cost of capital, stock market, capital markets, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation,
The recent boom-bust cycle in the euro area's equity valuations has left nonfinancial corporations saddled with a legacy of high debt or leverage. Models of corporate investment behavior based on imperfect capital...