This file is part of IDEAS, which uses RePEc data


[ Papers | Articles | Software | Books | Chapters | Authors | Institutions | JEL Classification | NEP reports | Search | New papers by email | Author registration | Rankings | Volunteers | FAQ | Blog | Help! ]

Measuring the Functional Efficiency of Capital Markets

Author info | Abstract | Publisher info | Download info | Related research | Statistics
Author Info
Johan E. Eklund () (Jönköping International Business School)
Sameeksha Desai (Max Planck Institute of Economics, Jena, Germany)

Additional information is available for the following registered author(s):

Abstract

We 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.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL: http://zs.thulb.uni-jena.de/receive/jportal_jparticle_00102482
File Format: application/pdf
File Function:
Download Restriction: no

Publisher Info
Paper provided by Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics, Thueringer Universitaets- und Landesbibliothek in its series Jena Economic Research Papers in Economics with number 2008-051.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length:
Date of creation: 18 Jun 2008
Date of revision:
Handle: RePEc:jrp:jrpwrp:2008-051

Contact details of provider:
Web page: http://www.jenecon.de

For technical questions regarding this item, or to correct its listing, contact: (Markus Pasche).

Related research
Keywords: Allocation of capital; accelerator principle; functional efficiency;

Find related papers by JEL classification:
C00 - Mathematical and Quantitative Methods - - General - - - General
G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Capital and Ownership Structure
P00 - Economic Systems - - General - - - General

This paper has been announced in the following NEP Reports:

Statistics
Access and download statistics

Did you know? Use the JEL tree to browse through the database by subfields.

This page was last updated on 2009-11-18.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.