Declining Fixed Investment and Increasing Financial Investment of Korean Corporations

Declining Fixed Investment and Increasing Financial Investment of Korean Corporations

This paper aims to determine factors causing the stagnation of Korean firms’ fixed investment after the global financial crisis, using panel data for the period of 1999-2016. Fixed investment remained sensitive to cash flow and Tobin’s q although their effects decreased after the global financial cr...

Full description

Bibliographic Details
Main Authors: Daehwan Kim, Sunhee Kwon, Jai-Won Ryou
Format: Article
Language:English
Published: Korea Institute for International Economic Policy 2019-12-01
Series:East Asian Economic Review
Subjects:
stagnant fixed investment
financial investment
cash flow
tobin’s q
global financial crisis
Online Access:http://dx.doi.org/10.11644/KIEP.EAER.2019.23.4.367

Similar Items

Similar Items