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

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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/ http://journalarticle.ukm.my/6984/1/4983-13951-1-PB.pdf

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