Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/25732 
Full metadata record
DC FieldValueLanguage
dc.contributor.authorEklund, Johan E.en
dc.contributor.authorDesai, Sameekshaen
dc.date.accessioned2008-07-03-
dc.date.accessioned2009-07-27T09:40:45Z-
dc.date.available2009-07-27T09:40:45Z-
dc.date.issued2008-
dc.identifier.urihttp://hdl.handle.net/10419/25732-
dc.description.abstractWe apply the accelerator principle to measure the functional efficiency of capital markets. We estimate the elasticity of capital with respect to output using a panel of firms across 44 countries, and compare the results with existing approaches. Furthermore, we correlate our measure with corporate governance institutions.en
dc.language.isoengen
dc.publisher|aFriedrich Schiller University Jena and Max Planck Institute of Economics |cJenaen
dc.relation.ispartofseries|aJena Economic Research Papers |x2008,051en
dc.subject.jelC00en
dc.subject.jelG32en
dc.subject.jelP00en
dc.subject.ddc330en
dc.subject.keywordAllocation of capitalen
dc.subject.keywordaccelerator principleen
dc.subject.keywordfunctional efficiencyen
dc.subject.stwFinanzmarkten
dc.subject.stwAllokationseffizienzen
dc.subject.stwInvestitionen
dc.subject.stwElastizitäten
dc.subject.stwTobin's Qen
dc.subject.stwUnternehmensentwicklungen
dc.subject.stwWertschöpfungen
dc.subject.stwCorporate Governanceen
dc.subject.stwSchätzungen
dc.subject.stwWelten
dc.titleMeasuring the functional efficiency of capital markets-
dc.typeWorking Paperen
dc.identifier.ppn571271308en
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen

Files in This Item:
File
Size
421.29 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.