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Tytuł:
MONETARY POLICY AND INVESTMENTS IN THE POLISH ECONOMY
Autorzy:
Jędruchniewicz, Andrzej
Powiązania:
https://bibliotekanauki.pl/articles/488921.pdf
Data publikacji:
2015
Wydawca:
Instytut Badań Gospodarczych
Tematy:
monetary policy
interest rates
investment growth
investment structure
Opis:
Investments are an important source of development of enterprises and the economy. They depend on many factors. According to most of the major economic schools, an important factor influencing the level and dynamics of investment inputs is monetary policy. The main objective of the study is to investigate the influence of monetary policy of Polish National Bank on the dynamics and structure of investments in Poland. Due to the realistic theory of capital, investment changes were assessed primarily from the point of view of the Austrian school. Research methods that were used in this study include deduction and statistical analysis. In the years 2006-2013, the Polish economy has performed moderately linear relationship between the reference interest rate and the dynamics of investments. Changes in monetary policy led to a disproportionate growth of production of various goods both in periods of better and bad economic situation. Volatility of capital inputs was substantially higher than the production of consumer goods. Also, investments in industries at the early stages of the production structure changed more dynamically than those in sectors that are closest to the consumer. The obtained results confirm the theory of the Austrian School.
Źródło:
Oeconomia Copernicana; 2015, 6, 3; 7-22
2083-1277
Pojawia się w:
Oeconomia Copernicana
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Stock market development and investment growth in Nigeria
Autorzy:
Onisanwa, Idowu Daniel
Adaji, Mercy Ojochegbe
Powiązania:
https://bibliotekanauki.pl/articles/2024089.pdf
Data publikacji:
2020
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Auto-Regressive Distributed Lag
Investment growth
Nigeria
Stock Market
Opis:
Aim/purpose - The poor investment climate is one of the reasons advanced for the slow pace of growth in Nigeria; evidenced by the absence or inadequate amount of investible funds in the productive sectors. While the money market in Nigeria provides very limited investment options, the underdevelopment and underutilisation of the Nigerian Stock Market constitute a drawback to the investment climate. However, any economy desiring sustainable development requires a long-term source of fund. Therefore, this study ascertains the performance of the stock market and investment growth nexus in Nigeria. Design/methodology/approach - The study is based on the neoclassical growth theory with a slight modification in the wake of Levine's specification (2003), an augmented investment growth relationship was specified. This study utilises the Autoregressive Distributed Lag (ARDL) in establishing the co-integration relation between stock market development and investment growth. Gross capital formation was used as a proxy for investment growth while the stock market indicators are market capitalisation ratio, total value traded ratio and turnover ratio. The study utilises data covering 1981 to 2018, sourced from the Nigerian Stock Exchange annual reports and diverse publication of the Nigerian Bureau of Statistics. Findings - The market capitalisation ratio had a negative impact on gross capital for-mation both in the short run and the long run, but its significance is only evident in the short run. The turnover ratio had a negative and significant impact on investment growth. The total value traded ratio exerted a positive and significant impact on gross capital formation both in the short run and the long run. The coefficient of the error correction term was negative and statistically significant. Research implications/limitations - The total value traded ratio enhanced investment growth in Nigeria. Both market capitalisation and turnover ratio dampen investment growth. The Stock Exchange is not efficient and does not possess the amount of liquidity required to finance long term investment need in Nigeria. Emphasis on measures geared towards increasing efficiency and liquidity should be intensified by the government. Meanwhile, the sectorial analysis of the impact of stock exchange movements in Nigeria and the use of other estimation techniques may create room for more robust relationships. Originality/value/contribution - The study directly investigates the capability of the Nigerian stock market in driving investment, both in the short and long run.
Źródło:
Journal of Economics and Management; 2020, 42; 99-117
1732-1948
Pojawia się w:
Journal of Economics and Management
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
INTERNATIONAL ECONOMIC ASPECTS OF INNOVATIVE NATURE USING IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT
MIĘDZYNARODOWE EKONOMICZNE ASPEKTY INNOWACJI W KONTEKŚCIE ZRÓWNOWAŻONEGO ROZWOJU
МЕЖДУНАРОДНЫЕ ЭКОНОМИЧЕСКИЕ АСПЕКТЫ ИННОВАЦИОННОГО ПРИРОДОПОЛЬЗОВАНИЯ В КОНТЕКСТЕ УСТОЙЧИВОГО РАЗВИТИЯ
Autorzy:
Valyukh, Andriy
Powiązania:
https://bibliotekanauki.pl/articles/576854.pdf
Data publikacji:
2016-06-30
Wydawca:
Międzynarodowy Instytut Innowacji Nauka – Edukacja – Rozwój w Warszawie
Tematy:
economic growth, investment, innovation, finance, management
wzrost gospodarczy, inwestycje, innowacje, finanse, zarządzanie
экономический рост, инвестиции, инновации, финансы, управление
Opis:
Wzrost gospodarczy jest ogólnie uważany za istotny element każdej strategii rozwoju, mającej na celu spełnienie zobowiązania do poprawy jakości. W tym kontekście ważne są rozwiązania oparte na problemach społecznych, rozwiązania przy jednoczesnym zapewnieniu standardów ochrony środowiska jak i korzyści społecznych i ekonomicznych. Wspieranie i wzmacnianie wzrostu gospodarczego może pomóc krajom w radzeniu sobie ze zmianami demograficznymi, w szczególności w celu zaspokojenia potrzeb starzejącego się społeczeństwa czy też zaspokojenia potrzeby stabilności. Rozwiązywanie problemów środowiskowych jest niemożliwa bez rozwiązywania problemów gospodarczych i społecznych. Zrównoważony rozwój łączy w sobie trzy ważne elementy.
Economic growth is generally regarded as a necessary component of any development strategies aimed at meeting the aspirations for an improved quality In this context, we define nature-based solutions to societal challenges as solutions that are inspired or supported by nature, which are cost-effective, simultaneously provide environmental, social and economic benefits and help build Economic growth can assist countries to cope with demographic change, and in particular to help meet the needs of an ageing population and pay for the education required to increase people’s skills resilience. The solving of environmental problems is impossible without solving the economic and social issues. Sustainable development combines these three important components.
Экономический рост, как правило, рассматривается как необходимый компонент любых стратегий развития, направленных на удовлетворение стремления к улучшению качества жизни.В этом контексте мы определяем природу на основе решения социальных проблем, как решения, которые вдохновляли или которые являются экономически эффективными, одновременно обеспечивают экологические, социальные и экономические выгоды. Поддержка и укрепление экономического роста может помочь странам справиться с демографическими изменениями, в частности, чтобы помочь удовлетворить потребности стареющего населения и платить за образование, необходима обучение людей навыкам устойчивости. Решение экологических проблем невозможно без решения экономических и социальных вопросов. Стабильное развитие сочитает в себе эти три важные компонента.
Źródło:
International Journal of New Economics and Social Sciences; 2016, 3(1); 233-240
2450-2146
2451-1064
Pojawia się w:
International Journal of New Economics and Social Sciences
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Growth and Decline of Assets: On Biased Judgments of Asset Accumulation and Investment Decisions
Autorzy:
Gonzalez, Nichel
Svenson, Ola
Powiązania:
https://bibliotekanauki.pl/articles/430466.pdf
Data publikacji:
2014
Wydawca:
Polska Akademia Nauk. Czytelnia Czasopism PAN
Tematy:
investment decisions
discounting
uncertainty
growth
decline
Opis:
Previous research showed that accumulations of capital following stationary interest rates are underestimated by human judges. Hyperbolic discounting was suggested as a descriptive and explanatory model for this phenomenon. First, we investigated judged accumulated capital after a period of annual growth and decline. The degree of underestimation increased with accumulated growth and the results supported hyperbolic discounting as a descriptive model on the group level. However, the hyperbolic model did not apply to the data for one third of the participants. Second, we investigated how investment decisions were related to capital accumulation before the investments and to judgments of the possible outcomes of the future investments. To our surprise, the participants’ judgments of expected future accumulated capital did not add predictive power to predictions based on whether there was growth or decline before the investment decision. Unfortunately this strategy leads to suboptimal investment decisions.
Źródło:
Polish Psychological Bulletin; 2014, 45, 1; 29-35
0079-2993
Pojawia się w:
Polish Psychological Bulletin
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Corruption and economic growth in India and Nigeria
Autorzy:
Obamuyi, Tomola M.
Olayiwola, Saheed O.
Powiązania:
https://bibliotekanauki.pl/articles/522170.pdf
Data publikacji:
2019
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Corruption
Economic growth
Human capital
Investment
Opis:
Aim/purpose – Theoretical arguments about the impact of corruption on economic growth have divided economists into two groups. The first one believes that corruption is an obstruction to economic growth and development while the second – that corruption plays a positive role in the development process. Therefore, the arguments on the effects of corruption on economic growth are inconclusive. This study investigates the effects of corruption on economic growth as measured in real Gross Domestic Product (GDP) per capita growth in Nigeria and India due to the pervasive corruption in the two low-income countries. Design/methodology/approach – The study employed Mo’s framework (2001) for investigating corruption and growth mechanism. The data for the study which covered 1980-2015 was extracted from the World Bank data repository. Corruption was measured by the Corruption Perception Index. Other variables are population growth rate, trade openness, education and the output of agriculture, industry and service sectors. Correlation coefficients were used to show a correlation between corruption and GDP growth rate for both countries. Ordinary Least Square (OLS) regression was used to estimate the effects of corruption on economic growth. Findings – The major findings of the study are: (1) Corruption has a stifling effect on economic growth when the measures of human capital, political instability and capital formation were not included in the estimation for India; (2) Corruption has a positive effect on economic growth when the measures of human capital, political instability and capital formation were included interchangeably and combined together in the estimation for India; (3) Corruption has a stifling effect on economic growth when the measures of human capital, political instability and capital formation were both included and excluded in the estimation for Nigeria; and (4) The transmission mechanism results show that corruption adversely affects economic growth through investment and human capital in both countries. Research implications/limitations – The implications of this study are that corruption produces a dampening effect on growth in both countries and the transmission channels were through investment and human capital. The limitation of the study has to do with the data. A better measure of corruption aside corruption perception index may produce different results. Originality/value/contribution – The unique contribution of the study is the investigation of the channel through which corruption affects economic growth in India and Nigeria.
Źródło:
Journal of Economics and Management; 2019, 35; 80-105
1732-1948
Pojawia się w:
Journal of Economics and Management
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Bipolar growth model with investment flows
Autorzy:
Katarzyna, Filipowicz
Tomasz, Misiak
Tomasz, Tokarski
Powiązania:
https://bibliotekanauki.pl/articles/943113.pdf
Data publikacji:
2016-09-30
Wydawca:
Uniwersytet Ekonomiczny w Poznaniu
Tematy:
Economic growth
investment flows
convergence
numerical simulations
Opis:
The aim of the present study is to design a bipolar model of economic growth with investment flows between two types of economies (conventionally referred to as relatively rich economies and relatively poor economies). Therefore in the following considerations it is assumed that the process of capital accumulation depends on investments undertaken in the economy. At the same time the Solow growth model takes into account only investments financed by domestic savings, whereas in the bipolar growth model also the investment flows between rich and poor economies are considered. It is assumed that both relatively rich economies are investing in the relatively poor economies and the poor economies make investments in the rich economies. The paper analyses the long-term equilibrium of the growth model, both in terms of existence of steady states of the system of differential equations and in terms of the stability of a non-trivial steady state. What is more economic characteristics of the point of the long-term equilibrium of the model are examined, model parameters are calibrated and growth paths of basic macroeconomic variables in selected variants of numerical simulations are presented.
Źródło:
Economics and Business Review; 2016, 2(16), 3; 32-56
2392-1641
Pojawia się w:
Economics and Business Review
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Import and FDI as channels of international TFP spillovers
Autorzy:
Pietrucha, Jacek
Żelazny, Rafał
Kozłowska, Magdalena
Sojka, Oliwia
Powiązania:
https://bibliotekanauki.pl/articles/22446588.pdf
Data publikacji:
2018
Wydawca:
Instytut Badań Gospodarczych
Tematy:
technology transfer
growth
trade
foreign investment
TFP
Opis:
Research background: In existing studies two main channels of international technology spillovers are extensively discussed — trade and FDI. Nevertheless empirical studies give mixed results regards the nature and extent of trade and FDI spillovers. Purpose of the article: The aim of the article is to study import and foreign direct investments (FDI) as channels of international TFP spillovers. Methods: We employ dynamic spatial autoregression (SAR) methods. Our panel comprises data for 41 developed and upper mid-developed countries over the period 1995-2014. Findings & Value added: Our preliminary results show that (1) the trade and investment channels are both important for technology transfer, (2) the degree of their significance depends on the absorptive capacity such as good quality of the institutions.
Źródło:
Equilibrium. Quarterly Journal of Economics and Economic Policy; 2018, 13, 1; 55-72
1689-765X
2353-3293
Pojawia się w:
Equilibrium. Quarterly Journal of Economics and Economic Policy
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Tax revenue and economic growth in developing country: an autoregressive distribution lags approach
Autorzy:
Maganya, Mnaku Honest
Powiązania:
https://bibliotekanauki.pl/articles/1356329.pdf
Data publikacji:
2020-11-20
Wydawca:
Uniwersytet Warszawski. Wydział Nauk Ekonomicznych
Tematy:
taxation
economic growth
foreign direct investment
domestic investment
ADF test
autoregressive distributive lags model
Opis:
Tanzania, like most other developing countries, faces numerous economic challenges in striving to achieve sustainable economic growth and development through taxation. In the literature, the debate on how effective taxes are as a tool for promoting economic growth and economic development remains inconclusive, as various research have reported mixed effects of tax on economic growth. This article investigates the effect of taxation on economic growth in Tanzania using the recently developed technique of autoregressive distributed lag model (ARDL) bounds testing procedure for the period from 1996 to 2019. Various preliminary tests were conducted including stationary tests as well as the pair-wise Granger causality test. According to the results obtained, domestic goods and services (TGS) taxes are positively related to GDP growth and are statistically significant at 1% level. Income taxes, on the other hand, were found to be negatively related to GDP growth and to be statistically significant at 5% level. The pair-wise Granger causality results indicated that there is bidirectional Granger causality between TGS and GDP growth at 1 % significance level. The government should aim at growing, nurturing and sustaining tax base to positively drive economic growth even further.
Źródło:
Central European Economic Journal; 2020, 7, 54; 205 - 217
2543-6821
Pojawia się w:
Central European Economic Journal
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Do foreign direct investment and savings promote economic growth in Poland?
Autorzy:
Soylu, Ozgur Bayram
Powiązania:
https://bibliotekanauki.pl/articles/557864.pdf
Data publikacji:
2019
Wydawca:
Uniwersytet Ekonomiczny w Poznaniu
Tematy:
economic growth
savings rate
foreign direct investment
ARDL bound testing
Opis:
This study aims to investigate the impact of savings and foreign direct investment on economic growth in Poland. Savings play an important role in achieving sustainable growth. High saving rates are also an important tool to increase resilience to financial shocks. The economic climate that emerged following the financial crisis revealed problems with the economy of Poland to obtain foreign financing. The decrease in foreign direct investment has led to an unpredictable economic environment for developing countries such as Poland. The decrease in foreign direct investment has led to lower growth rates for an emerging market such as the economy of Poland. The relationship economic growth rate, saving and foreign direct investment are examined for Poland over the period 1992-2016 by using the Autoregressive Distributed Lag (ARDL) bounds testing approach. According to this approach there is a cointegration relationship between the series and a 1% increase in savings which leads to a 0.81% increase on economic growth rate. Also a 1% increase in foreign direct investment (FDI) leads to a 1.52% increase in the economic growth rate.
Źródło:
Economics and Business Review; 2019, 5 (19), 4; 3-22
2392-1641
Pojawia się w:
Economics and Business Review
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Foreign direct investment in the post-communist member states of the European Union: who are the leaders?
Autorzy:
Kozuń-Cieślak, Grażyna
Markowska-Bzducha, Ewa
Powiązania:
https://bibliotekanauki.pl/articles/1945068.pdf
Data publikacji:
2021-08-31
Wydawca:
Instytut Naukowo-Wydawniczy "SPATIUM"
Tematy:
foreign direct investment
post-communist EU members
economic growth and development
Opis:
Joining the European Union has been treated as a chance for Poland and other post-communist countries to improve their economic growth and development. It was clear from the beginning that it was going to be a long and demanding process in which success is only possible if appropriate economic policies are pursued. That policy should provide stable frameworks to support business development, attract foreign direct investments (FDI), keep the discipline in public finances and assure the right institutional ability and managerial skills to absorb the EU funds. According to forecasts by The McKinsey Quarterly from 2004, 5% Poland's economic growth rate was to require around USD 10 billion of annual FDI inflow! The aim of this study was identifying the leaders in attracting FDI among post-communist European Union member states in the period of 2004-2020. The research showed a huge variation in attracting foreign capital among eleven post-communist EU members. Estonia, the Czech Republic, Hungary, Slovakia seem to be winners in this race, leaving Poland far behind.
Źródło:
Central European Review of Economics & Finance; 2021, 33, 2; 23-34
2082-8500
2083-4314
Pojawia się w:
Central European Review of Economics & Finance
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Polarity of the Regional Space – the Dilemma of Shaping the Investment Attractiveness of Poland
Autorzy:
Godlewska-Majkowska, Hanna
Powiązania:
https://bibliotekanauki.pl/articles/438560.pdf
Data publikacji:
2018
Wydawca:
Uniwersytet Pedagogiczny im. Komisji Edukacji Narodowej w Krakowie
Tematy:
growth pole
investment attractiveness of the region
investments
local development
location
Opis:
This study aims to show how the polarisation of the economic space can modify the investment attractiveness of the regional space. A thesis has been put forward that the polarisation of the economic space affects the investment attractiveness of the regional space by strengthening the polarising power of the regions with the highest investment attractiveness. This study uses the results of the parameterisation of investment attractiveness of Polish regions for 2015 by gmina; it also identifies growth poles in four five-year time periods: 2008–2012, 2009–2013, 2010–2014, and 2011–2015. The study shows that the permanent growth poles are created at a distance of several dozen kilometres from large cities. It indicates the depletion of development reserves of large and medium-sized cities, especially those with extensive space management. Smaller centres are gaining location attractiveness, especially those located in the vicinity of communication routes, where access to investment areas and lower costs of running a business attract investors. Special economic zones are also located in such places. The poles and their clusters usually form large agglomerations and industrial centres in the development phase. They are usually places with high investment attractiveness, adjusted by management decisions of large enterprises, local government units and the state government. The polarisation of the economic space affects the increase of the investment attractiveness of the regions, strengthening the succession of economic production and service functions in special economic zones. Investments in road infrastructure and revitalisation processes supported by special economic zones are essential.
Źródło:
Prace Komisji Geografii Przemysłu Polskiego Towarzystwa Geograficznego; 2018, 32, 4; 110-122
2080-1653
Pojawia się w:
Prace Komisji Geografii Przemysłu Polskiego Towarzystwa Geograficznego
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Research and proposed solutions for improvement of the competitiveness of regions in Vietnam
Autorzy:
Hang, Nguyen Thi
Powiązania:
https://bibliotekanauki.pl/articles/1031456.pdf
Data publikacji:
2020
Wydawca:
Przedsiębiorstwo Wydawnictw Naukowych Darwin / Scientific Publishing House DARWIN
Tematy:
Competitiveness index
business model
competitiveness
economic growth
investment attraction capacity
market access
Opis:
The Provincial Competitiveness Index is an indicator to evaluate and rank the governments of provinces and cities of Vietnam in terms of the quality of economic governance and building a favorable business environment. This is a measure of the level of local competitiveness in attracting and supporting development investment enterprises in a province. In recent years, localities have had many changes in policies and mechanisms, creating a strong attraction for investors, especially FDI. This plays an important role in promoting the development of local socio-economic sectors. The provincial government has been making great efforts to improve the business environment, creating favorable conditions for businesses and investors in the area. Therefore, many provinces and cities have risen to the top among localities in attracting investment, especially FDI. These successes have brought researchers, organizations at home and abroad to pay attention to the role of the provincial level, but more specifically the provincial competitiveness in Vietnam. Therefore, the study of provincial competitiveness index is not only aimed at promoting the development of the economy in general, but also contributes to exploiting the strengths of regional, sectoral and inter-regional relations. local in the development process.
Źródło:
World Scientific News; 2020, 142; 88-102
2392-2192
Pojawia się w:
World Scientific News
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Economic growth in Kosovo and in other countries in terms of globalization of world economy
Autorzy:
Thaçi, Lumnije
Powiązania:
https://bibliotekanauki.pl/articles/1036136.pdf
Data publikacji:
2013
Wydawca:
Academicus. International Scientific Journal publishing house
Tematy:
economic growth
gross domestic product (GDP)
fiscal policy
capital investment or public expenditure
Opis:
The global financial crisis causes, as among the greatest crises and consequences, reflected the world in continuously increase of unemployment, poverty and inequality. This crisis was reflected in both developed and developing countries including countries in transition. The fact cannot be denied that the effects of financial crisis are even felt in the Republic of Kosovo where during this period of time following consequences could be clearly noted: decrease of the real economy, poverty, reduction in remittances, decrease of external investments, contracting criteria for bank loans and other direct and indirect effects. However, the global economy did continue to recover during 2010 and 2011. Nevertheless, uncertainty regarding to the volatility of global economic recovery in this period is greater than in the previous period. This setting is mainly extracted from instability of financial market due to problems with public finances in several EU member States and entry of protective measures by some rapidly growing economies and developing countries, in response to large capital inflows. It is important to consider the fact that, despite the recent crisis, economic growth model, based on the deepening of EU integration process, in terms of finance, trade, labour markets and institutions, remains as best model for developing countries and Kosovo itself. Special treatment is given to achieved achievements and projections for the following years under policies compiled by the Government of the Republic of Kosovo to enable generic analysis for concrete situation of our national economy. Also, this paper shall explain the underlying factors which will influence on a more accelerated economic development.
Źródło:
Academicus International Scientific Journal; 2013, 08; 231-242
2079-3715
2309-1088
Pojawia się w:
Academicus International Scientific Journal
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Managing growth opportunities in the digital era – an empiric perspective of value creation
Zarządzanie szansami wzrostu w erze cyfrowej - empiriczna perspektywa tworzenia wartości
Autorzy:
Balzer, Raphaela
Užík, Martin
Glova, Jozef
Powiązania:
https://bibliotekanauki.pl/articles/405441.pdf
Data publikacji:
2020
Wydawca:
Politechnika Częstochowska
Tematy:
digitalization
growth management
growth opportunities
investment management
value creation management
digitalizacja
zarządzanie wzrostem
możliwości wzrostu
zarządzanie inwestycjami
zarządzanie tworzeniem wartości
Opis:
In times of market valuations beyond 1 trillion USD for digital companies such as Alphabet and Amazon, capital markets concentrate on growth opportunities at the core of the market value of equity. The presented study aims to identify the key drivers of growth, thereby including its novelty to transfer the classic financial theory of PVGO into today´s digital world. In an empiric analysis, the methodology of multi-variate regression models sourced from S&P500 companies between 2007 and 2017 is applied. The main results surprise managerial decision makers across industries and imply a tectonic shift from profitability to investment driven decisions in digital markets. As a conclusion, senior business practitioners who intend to create market value of equity based on growth, are best advised to invest in intangible assets and digital markets – even at levels of negative profitability.
W czasach wycen rynkowych przekraczających 1 miliard USD dla firm cyfrowych, takich jak Alphabet i Amazon, rynki kapitałowe koncentrują się na możliwościach wzrostu leżących u podstaw rynkowej wartości kapitału własnego. Prezentowane badanie ma na celu zidentyfikowanie kluczowych czynników wzrostu, w tym jego nowości w przenoszeniu klasycznej teorii finansowej PVGO do dzisiejszego cyfrowego świata. W analizie empirycznej zastosowano metodologię modeli regresji wielowariantowej pochodzących od firm S&P500 w latach 2007–2017. Główne wyniki zaskakują osoby podejmujące decyzje kierownicze w różnych branżach i implikują wstrząsowe przejście od rentowności do decyzji opartych o inwestowanie na rynkach cyfrowych. Podsumowując, starsi praktycy biznesu, którzy zamierzają tworzyć wartość rynkową kapitału własnego w oparciu o wzrost, najlepiej poprzez inwestowanie w wartości niematerialne i prawne oraz rynki cyfrowe - nawet na poziomie ujemnej rentowności.
Źródło:
Polish Journal of Management Studies; 2020, 21, 2; 87-100
2081-7452
Pojawia się w:
Polish Journal of Management Studies
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Foreign direct investment and economic growth in developing countries: The role of international trade and foreign debt
Autorzy:
Epor, Simon Okaja
Yua, Henry
Terhemba Iorember, Paul
Powiązania:
https://bibliotekanauki.pl/articles/23942885.pdf
Data publikacji:
2024-01-03
Wydawca:
Fundacja Naukowa Instytut Współczesnych Finansów
Tematy:
foreign direct investment
trade openness
external debt
economic growth
developing countries
external finance
ARDL
autoregressive distributed lag model
Opis:
The existing literature is sparse on the role of international finance in modeling the FDI-growth nexus. This study integrates the role of international trade and external debt in the FDI-economic growth nexus for Brazil, Nigeria, and Vietnam. We apply the Autoregressive Distributed Lag (ARDL) model to annual data covering the period 1990-2021. The results show that FDI and trade have positive but insignificant effects on economic growth in all three countries. In addition, our results show that external debt hampers long-term economic growth in these countries. Based on the results, we propose country-specific recommendations that take into account specific economic and financial conditions, global market dynamics, and the long-term development goals of developing countries.
Źródło:
Modern Finance; 2024, 2, 1; 1-17
2956-7742
Pojawia się w:
Modern Finance
Dostawca treści:
Biblioteka Nauki
Artykuł
Wyświetlanie 1-15 z 20

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