Asset Price Shocks, Financial Constraints, and Investment: Evidence from Japan
By Vidhan K. Goyal, Takeshi Yamada. 2001
168 citations recorded by the source corpus.
Subfields: Accounting, Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/143a737821473c1f6e4cc77133d416468cf65583
How researchers see this paper
The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.
In Accounting
- Paul W. Beamish
- J. Lu
- Sasan Bakhtiari
- L. Magnani
- Jianjun Miao
- J.A. Zhang
- Robert V. Breunig
- Pengfei Wang
In Economics and Econometrics
- Paul W. Beamish
- J. Lu
- Sasan Bakhtiari
- L. Magnani
- Jianjun Miao
- J.A. Zhang
- Robert V. Breunig
- Pengfei Wang
In Finance
- Sasan Bakhtiari
- L. Magnani
- Jianjun Miao
- J.A. Zhang
- Robert V. Breunig
- Paul W. Beamish
- Pengfei Wang
- J. Lu
Citations in the corpus
- Sectoral bubbles, misallocation, and endogenous growth☆ (2014, background): “In their model, bubbles are also on intrinsically useless assets, but can be used to relax collateral 3 See Gan (2007a,b) and Goyal and Yamada (2004), among others, for empirical evidence of this effect.”
- Collateral, Debt Capacity, and Corporate Investment: Evidence from a Natural Experiment (2007, unknown): “In the Japanese setting, the bust in the equity market is largely a correction to the boom in the second half of the 1980s, after which the non-fundamental component in stock prices is mostly gone (Goyal and Yamada, 2003).”
- Financial Constraints and Small and Medium Enterprises: A Review* (2020, background): “Duchin et al. (2010) use the global financial crisis in the US, where Goyal and Yamada (2004) look at Japan's asset bubble burst in the 1990s.”
- The Collateral Channel: How Real Estate Shocks Affect Corporate Investment (2012, unknown): “We require 1 Another contribution looking at collateral shocks triggered by the Japanese crisis can be found in Goyal and Yamada (2004).”
- INTERNATIONAL DIVERSIFICATION AND FIRM PERFORMANCE: THE S-CURVE HYPOTHESIS (2004, methodology): “We obtained the data for Tobin’s Q from the NEEDS tapes and the PACAP database, following the procedure of Goyal and Yamada (2004).”
- Financial flexibility, corporate investment and performance: evidence from financial crises (2013, unknown): “We therefore stick to Goyal and Yamada’s (2004) method to tackle the measurement issue of growth opportunities.”
- Which Firms Follow the Market? An Analysis of Corporate Investment Decisions (2010, unknown): “Goyal and Yamada (2004), Chirinko and Schaller (2005), and Campello and Graham (2007) also find an independent role for the stock market, conditional on their proxies for fundamentals.”