文章基本信息

标题：Does interest rate matters: study of investment management of Estonian companies. Intressimäärade mõju investeerimisotsustele Eesti ettevõtete näidetel
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作者：Danel Tuusis ; Priit Sander ; Andres Juhkam 等
期刊名称：Discussions on Estonian Economic Policy
印刷版ISSN：1736-5597
出版年度：2010
卷号：18
期号：0
语种：English
出版社：Mattimar OÜ and Berliner Wissenschafts-Verlag GmbH
摘要：The paper examines determinants of investment decisions of Estonian companies. Within investment decision determinants the influence of interest rates and cost of capital get special attention as well as the analysis of liquidity constraints. The study is based on answers of questionnaires received from 44 companies of Estonia. Results of the study show that most important determinants of investments are related to risk and uncertainty followed by liquidity constraints and business confidence determinants. Interest rate determinant and cost of capital consideration has small influence to investment decisions as well as have a low profile in overall management focus. Liquidity constraints on other hand should be considered an important decision factor behind investment decisions
关键词：investement management;intrest rates;liquidity management;channels of monetary transmission mechanisms