Corporate Investment in Emerging Markets : Financing vs. Real Options Channel /

We examine how firm and country heterogeneity shape the response of corporate investment in emerging markets to changes in global interest rates and volatility. We test for the presence of (i) a financing channel originating from changes in the costs of external borrowing and (ii) a real options cha...

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Xehetasun bibliografikoak
Egile nagusia: Li, Delong
Beste egile batzuk: Magud, Nicolas, Valencia, Fabian
Formatua: Aldizkaria
Hizkuntza:English
Argitaratua: Washington, D.C. : International Monetary Fund, 2015.
Saila:IMF Working Papers; Working Paper ; No. 2015/285
Sarrera elektronikoa:Full text available on IMF