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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Beste egile batzuk: | , |
Formatua: | Aldizkaria |
Hizkuntza: | English |
Argitaratua: |
Washington, D.C. :
International Monetary Fund,
2015.
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Saila: | IMF Working Papers; Working Paper ;
No. 2015/285 |
Sarrera elektronikoa: | Full text available on IMF |