INNOVATIONS IN LIQUIDITY AND FINANCIAL ASSET YIELDS IN A MODEL OF CAPITAL UTILIZATION BY FIRMS

被引：0
|
作者：
BURKETT, P
IDSON, TL
机构：
[1] Department of Economics, University of Miami, Coral Gables, FL
来源：
JOURNAL OF ECONOMICS AND BUSINESS | 1990年 / 42卷 / 03期
关键词：
D O I：
10.1016/0148-6195(90)90046-F
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
The role of money and other financial assets in the utilization of capital goods in elucidated through an integration of portfolio and inventory approaches to the demand for money by firms. In this model, cash balances and/or financial asset withdrawals are used to fund operating costs that have a positive impact on the yield to physical capital. Financial innovations, interest rate controls, and inflation are analyzed in terms of the effects of the cost of holding cash balances and the yield and liquidity of other financial assets on the liquidity management and capital utilization decisions of a profit-maximizing firm. © 1990.
引用
收藏
页码：201 / 212
页数：12
相关论文
共 50 条
  • [31] Market liquidity, credit maturity structure and asset mismatch in manufacturing firms
    Yao, Lianjun
    Qiu, Yuting
    FINANCE RESEARCH LETTERS, 2024, 63
  • [32] Intertemporal equilibrium with financial asset and physical capital
    Cuong Le Van
    Ngoc-Sang Pham
    ECONOMIC THEORY, 2016, 62 (1-2) : 155 - 199
  • [33] Intertemporal equilibrium with financial asset and physical capital
    Cuong Le Van
    Ngoc-Sang Pham
    Economic Theory, 2016, 62 : 155 - 199
  • [34] Enhanced capital-asset pricing model for the reconstruction of bipartite financial networks
    Squartini, Tiziano
    Almog, Assaf
    Caldarelli, Guido
    van Lelyveld, Iman
    Garlaschelli, Diego
    Cimini, Giulio
    PHYSICAL REVIEW E, 2017, 96 (03)
  • [35] Capital requirements, liquidity and financial stability: The case of Brazil
    Stancato de Souza, Sergio Rubens
    JOURNAL OF FINANCIAL STABILITY, 2016, 25 : 179 - 192
  • [36] The "ostrich effect" and the relationship between the liquidity and the yields of financial assets
    Galai, Dan
    Sade, Orly
    JOURNAL OF BUSINESS, 2006, 79 (05): : 2741 - 2759
  • [37] THE FIRMS INSURANCE DECISION - SOME QUESTIONS RAISED BY THE CAPITAL-ASSET PRICING MODEL
    MAIN, BGM
    MANAGERIAL AND DECISION ECONOMICS, 1982, 3 (01) : 7 - 15
  • [38] A model of the liquidity structure based on asset indivisibility
    Wallace, N
    JOURNAL OF MONETARY ECONOMICS, 2000, 45 (01) : 55 - 68
  • [39] A model of endogenous direct and indirect asset liquidity
    Geromichalos, Athanasios
    Jung, Kuk Mo
    Lee, Seungduck
    Carlos, Dillon
    EUROPEAN ECONOMIC REVIEW, 2021, 132
  • [40] Describing model relations: The case of the capital asset pricing model (CAPM) family in financial economics
    Vergara-Fernandez, Melissa
    Heilmann, Conrad
    Szymanowska, Marta
    STUDIES IN HISTORY AND PHILOSOPHY OF SCIENCE, 2023, 97 : 91 - 100
12345