Monetary policy shocks, financial constraints and firm-level equity return: panel evidence

The present paper investigates the effect of monetary policy shocks upon the equity returns of financially constrained and less-constrained firms in Malaysia for the 1990-2008 period using firm-level data. Monetary policy shocks are generated via a recursive structural VAR (SVAR) identification sche...

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Bibliographic Details
Main Authors: Zulkefly Abdul Karim,, Mohd. Azlan Shah Zaidi,, Bakri Abdul Karim,
Format: Article
Language:English
Published: Penerbit Universiti Kebangsaan Malaysia 2013
Online Access:http://journalarticle.ukm.my/6984/1/4983-13951-1-PB.pdf
http://journalarticle.ukm.my/6984/
http://ejournals.ukm.my/pengurusan/index
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