FINANCIAL STRUCTURE, FIRMS’ INVESTMENTS AND THE CHANNELS OF MONETARY POLICY IN INDONESIA
Using Tobin’s q and Euler equations estimated by a novel technique of Blundell and Bond’s system MM, this paper investigate the role of financial factors (cash flow and leverage) in investment spending of Indonesian listed companies during 1993- 1997. Overall, the results suggest the existence of f...
| Published in: | Buletin Ekonomi Moneter dan Perbankan |
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| Main Author: | |
| Format: | Article |
| Language: | English |
| Published: |
Bank Indonesia
2003-10-01
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| Online Access: | https://www.bmeb-bi.org/index.php/BEMP/article/view/291 |