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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Penerbit Universiti Kebangsaan Malaysia
2013
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/15782/ http://ir.unimas.my/id/eprint/15782/1/Zulkefly.pdf |