Building the Suburban Factory and Industrial Decline in Postwar Chicago

2020 ◽  
pp. 39-64
Author(s):  
Robert Lewis
Keyword(s):  
Capital Investment ◽  
Central City ◽  
Industrial Change ◽  
Industrial Facilities ◽  
Financial Firms ◽  
Selection Decisions ◽  
Industrial Decline ◽  
Fixed Capital Investment ◽  
The Impact ◽  
The Relationship

This chapter examines the built form of deindustrialization through an examination of the metropolitan geography of factory construction after 1945. It shows the little capital investment that flowed to Chicago, while the suburbs became the prime location for the construction of new industrial facilities. It also discusses how employment loss in the central city of Chicago was rooted in site selection decisions made by the managers of industrial and financial firms about more profitable locations for fixed-capital investment. The chapter focuses on factory construction that provides a different perspective on the impact that industrial change had on the built environment. It looks at studies of the relationship between local economic change, politics, and place dependency that have demonstrated the tenuous hold that places have on productive forces and the unequal relationship that exists between place and capital.

scholarly journals The Relationship Between Road Infrastructure Budgetary Expenditures and Commercial Property Investment Returns. Case Study of Fadikpe Area Minna, Nigeria

2020 ◽  
Vol 8 (1) ◽  
pp. 187-196
Author(s):  
Suleiman Yakubu ◽  
Ajayi Adeyemi ◽  
Abass Sule ◽  
Rukaiyyat Ogunbajo
Keyword(s):  
Capital Investment ◽  
Public Capital ◽  
Road Transportation ◽  
Alternative Source ◽  
Road Infrastructure ◽  
Commercial Property ◽  
Before And After ◽  
Investment Returns ◽  
The Impact ◽  
The Relationship

Abstract The paper examines the relationship existing between commercial property investment returns and public capital investment (budgetary expenditures) on road infrastructure in Fadikpe area, Minna (Nigeria) with the aim of determining the degree of impact of public capital investment on commercial property investment returns. The paper addresses a pertinent policy and practice question on the impact of government’s budgetary expenditures on real estate sector of the economy. Government increasingly faces funding challenges in providing new infrastructure or improvement of existing ones, thus, keen to know the areas of greater impact of its expenditures and the extent to which the benefits from the impact may go in augmenting or providing funds (through tax) for new road infrastructure provision or repair of existing ones. The research uses the before-and-after case method to identify an increase in property values (rental and sales) as measured by the trend of property investment returns before-and-after budgetary expenditures. The results show that commercial property investment returns in the area increased after budgetary expenditure (road construction) took place. The results form the basis upon which the government should consider more budgetary allocations and expenditures related to road transportation infrastructure in its budgetary allocation decisions. The results also quantify the proposed alternative source of funding (property tax) that can be harnessed via capturing the increase in property investment returns.

scholarly journals Capital Investment and Profitability Across Malaysian Construction Sectors

2018 ◽  
Vol 7 (3.21) ◽  
pp. 281
Author(s):  
Lim Qi Yang ◽  
Suresh Ramakrishnan ◽  
Noriza Mohd Jamal ◽  
Maisarah Mohamed Saat ◽  
Muhammad Faizan Malik
Keyword(s):  
Capital Investment ◽  
Global Financial Crisis ◽  
Capital Expenditure ◽  
Effect Analysis ◽  
Return On Equity ◽  
Crisis Period ◽  
Construction Firms ◽  
Relationship Of ◽  
The Impact ◽  
The Relationship

Capital investment and profitability are the most important factors in every firms. Capital investment will determine profitability of the firm by having efficient and effective investment portfolio to the firm. This study investigates the relationship of capital investment and profitability among Malaysia listed construction firms from 2001-2014. Furthermore, this study also analyzes the impact of capital investment on profitability in different economic sub-periods. In addition, this study also used Pooled OLS analysis and fixed effect analysis to analyze and determine the relationship between dependent and independent variables. I.e.: capital investment such as investment to asset, capital expenditure and current capital expenditure along with profitability such as return on asset and return on equity as well as the control variables namely firm size and leverage. The overall results revealed that capital expenditure have significant relationship with return on asset and return on equity. On the other hand, the relationship between capital investment and profitability are differ across different economic sub-periods will produce different outcome. Investment to asset had significant impact towards return on asset and return on equity during pre-crisis period and post-crisis period but during Global Financial Crisis period current capital expenditure has the largest impact towards profitability of the firm.  

Analyzing the impact of board vigilance on financial distress through the intervention of leverage structure and interaction of asset tangibility in the non-financial sector of Pakistan

2021 ◽  
pp. 2150004
Author(s):  
Wen Xuezhou ◽  
Rana Yassir Hussain ◽  
Haroon Hussain ◽  
Muhammad Saad ◽  
Sikander Ali Qalati
Keyword(s):  
Capital Structure ◽  
Financial Distress ◽  
Ordinary Least Squares ◽  
Debt Maturity ◽  
Financial Firms ◽  
Debt Maturity Structure ◽  
Maturity Structure ◽  
The Impact ◽  
The Relationship

This study focuses on the relationship between board vigilance and financial distress in non-financial firms listed on the Pakistan Stock Exchange (PSX). The mediating role of leverage structure and moderating role of asset tangibility is also studied following Baron and Kenney’s approach. The study analyzed the data of 284 firms ranging from 2013 to 2017 by using ordinary least squares (OLS) and panel corrected standard errors (PCSE) regressions. The study revealed that the debt maturity structure mediates the relationship between board independence and financial distress and between CEO non-duality and financial distress but the capital structure did not mediate any of the stated relationships. Similarly, asset tangibility negatively moderated the relationship between debt maturity and financial distress. However, there was no such moderation detected between the relationship of capital structure and financial distress. The results remained consistent throughout the analysis with both regression techniques. These results suggest using more long-term debt in debt maturity structure to have control over financial distress and also to reduce the reliance on non-productive tangible assets in the asset structure of non-financial firms of Pakistan.

scholarly journals Impact of Social Capital on Environmental Governance Efficiency—Behavior of Guangdong, China

2021 ◽  
Vol 9 ◽  
Author(s):  
Shujian Zhang ◽  
Zhijun Gu
Keyword(s):  
Social Capital ◽  
Local Governments ◽  
Capital Investment ◽  
Environmental Governance ◽  
Positive Impact ◽  
Data Envelopment ◽  
Policy Suggestions ◽  
The Impact ◽  
The Relationship ◽  
Local Environmental Governance

The main purpose of this article is to investigate the impact of social capital level on environmental governance efficiency in economically developed areas. We choose China’s richest province Guangdong. Compared with other Chinese provinces, Guangdong’s local governments are in better fiscal status, and they can allocate environmental spending in line with the trend of gross domestic product per capita. We want to observe the important factors related to social cognition other than capital investment to gain a more profound influence on the efficiency of local environmental governance. This article assumes that the degree of local social capital will have a great positive impact on the efficiency of regional environmental governance. Super-efficiency slacks-based measure method of data envelopment analysis is adopted to calculate the environmental governance efficiency by considering the expected output and the nonexpected output. Then, short-panel regression was used to analyze the relationship between social capital and environmental governance efficiency. Through an empirical analysis of urban panel data of Guangdong province from 2001 to 2019, it is found that the degree of social capital does have a significant positive impact on the efficiency of local environmental governance. After the research conclusion, we propose some policy suggestions to local governments.

scholarly journals The Role of Bank Lending in the Development of Ukraine’s Economy

2020 ◽  
Vol 3 (45) ◽  
pp. 176-183
Author(s):  
V. M. Kremen ◽  
◽  
O. I. Kremen ◽  
L. P. Huliaieva ◽  
◽  
...  
Keyword(s):  
Capital Investment ◽  
Bank Lending ◽  
Real Sector ◽  
The Real ◽  
Goods And Services ◽  
Estate Property ◽  
The Impact ◽  
The Relationship ◽  
Average Monthly Salary ◽  
Monthly Salary

The purpose of the article is to analyze the situation with bank lending to the real sector and its impact on the development of Ukraine’s economy. In order to effect this purpose, the following tasks have been fulfilled: to analyze the dynamics of the total bank lending to the real sector, to analyze the structure of bank lending to non-financial corporations by loan terms and by currency; to determine the volume of loans granted to non-financial corporations in order to buy, build and reconstruct real estate property. To carry out in-depth assessment of the impact made by bank lending to the real sector on economic development, a correlation and regression analysis has been made, revealing that the increase in bank lending to non-financial corporations leads to the growth of the GDP, industrial output (in goods and services), exports, capital investment and average monthly salary and wages. It also reduces the amount of man-power employed, which may serve as the evidence of production intensification and automation caused by using loan proceeds. The polynomial function most appropriately describes the relationship between the volume of bank lending to non-financial corporations and GDP, exports and employment in 2005-2019, and the exponential function most adequately describes the relationship between the volume of bank lending to non-financial corporations and capital investment and the average monthly salary and wages.

scholarly journals ASSESSMENT OF THE IMPACT OF INCOME INEQUALITY ON ECONOMIC GROWTH IN RUSSIAN REGIONS

2021 ◽  
Vol 2 ◽  
pp. 106-110
Author(s):  
Rogneda Vasilyeva ◽  
Oleg Mariev ◽  
Elena Ignatieva ◽  
Alla Serkova
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Inequality ◽  
Capital Investment ◽  
Cultural Development ◽  
Russian Regions ◽  
Socio Economic Development ◽  
Per Capita ◽  
Fixed Capital Investment ◽  
The Impact

Inequality in the distribution of income of the population has a certain impact on different aspects of the economic and socio-cultural development of countries and regions. This inequality arises due to a number of factors as the current nature of the production specialization, the availability of production and economic infrastructure, the achieved level of development of the social sphere, socio-cultural, demographic, and other factors. The main objective of this study is to assess the nature and extent of the impact of income inequality in the Russian regions for the subsequent justification of the directions of socio-economic development. We conducted an econometric analysis of the impact of intraregional income inequality (the Gini coefficient), fixed capital investment per capita, and average per capita consumer spending on one of the main indicators of regional economic growth (GRP) per capita was carried out. The model is based on panel data for the period 2012-2018 for 85 regions of the Russian Federation. The results of the study confirm two of three hypotheses. As prospects for further research, it is proposed to consider the impact of inequality in the distribution of household income on economic growth for different groups of regions, including resource-type regions and regions with a predominance of manufacturing industries, as well as for leading regions and regions with a relatively low level of socio-economic development.

Dividend policy and the downside risk in stock prices: evidence from the MENA region

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Omar Farooq ◽  
Harit Satt ◽  
Fatima Zahra Bendriouch ◽  
Diae Lamiri
Keyword(s):  
Stock Prices ◽  
Dividend Policy ◽  
Agency Problems ◽  
Downside Risk ◽  
Mena Region ◽  
Content Type ◽  
Financial Firms ◽  
Dividend Policies ◽  
The Impact ◽  
The Relationship

PurposeThe aim of this paper is to document the impact of dividend policies on the downside risk in stock prices.Design/methodology/approachThe authors use the data for non-financial firms from the MENA region to test our arguments by estimating the pooled OLS regressions. The data cover the period between 2010 and 2018.FindingsThis paper shows that firms with higher dividend payouts have significantly lower downside risk in their stock prices than the other firms. The findings of this paper are robust across various proxies of dividend policy and across various sub-samples. This paper contends that lower downside risk associated with the stock prices of firms paying high dividends is due to the fact that these firms have lower agency problems. Lower agency problems reduce the downside risk in stock prices.Originality/valueTo the best of the authors’ knowledge, most of the prior research (covering the MENA region) overlooks the impact of dividend policy on the downside risk in stock prices. This paper fills this gap by documenting the relationship between the two by using the data for firms from the MENA region.

scholarly journals Investment policy of the state as a tool for economic growth of the country

2020 ◽  
Vol 18 (3) ◽  
pp. 245-254 ◽  
Author(s):  
Valentyna Makohon ◽  
Yurii Radionov ◽  
Iryna Adamenko
Keyword(s):  
Economic Growth ◽  
Capital Investment ◽  
Developed Countries ◽  
The State ◽  
Fixed Capital ◽  
Investment Policy ◽  
Raw Material ◽  
State Investment ◽  
Fixed Capital Investment ◽  
The Impact

The investment policy of the state is an important tool for diversifying the economy. This paper analyzes the share of capital investment in GDP, the index of fixed capital investment for 2015–2019, and assesses the investment policy determinants of the state of developed countries and emerging countries. Correlation-regression analysis methods were used to determine the relationship between real GDP, the share of industrial output in GDP, and the index of fixed capital investment in countries with economies in transformation. As a result, it was determined that in the vast majority of countries studied, the increase in investment in fixed assets contributes to the acceleration of economic growth, and the level of economic growth determines the investment potential of countries; that the heterogeneity of the impact of investment on the level of economic growth in countries with transformational economies is due to their raw material orientation, insufficient level of validity and predictability of the implemented investment policy of the state; the state’s investment policy is an important tool for ensuring macroeconomic stability and stimulating economic growth in a recession. Using the data of the panels for the period from 2015 to 2019, it is substantiated that the creation of conditions for macroeconomic balance will increase business activity of enterprises, which is the result of purposeful influence of state investment policy on economic processes by ensuring quality transformation and innovation of the national economy. The obtained results show that the level of influence of the state investment policy on the level of economic growth varies significantly depending on the level of development of financial institutions in the country and the infrastructure of the financial market.

scholarly journals The Impact of Immigrate Population on the Housing Rental Market in Beijing

2020 ◽  
Vol 5 (3) ◽  
pp. 219
Author(s):  
Wenqiong Hu
Keyword(s):  
Central City ◽  
Housing Prices ◽  
Urban Housing ◽  
Registration System ◽  
Rental Market ◽  
The Past ◽  
The People ◽  
The Government ◽  
The Impact ◽  
The Relationship

<p>In recent years, rents of apartments in Beijing have been rising rapidly. A survey shows that Beijing, as a central city, has a large number of population changes due to the concentration of various high-quality resources. Besides, the immigrate population is an important reason for the increase of urban housing demands and the further increase of housing prices. At the same time, the problem of household registration system makes a large number of immigrate population still choose to buy houses in the original place, which further aggravates the spatial mismatch of housing demands in China. To find out the changes law of rent with the immigrate population, further help the government to perfect the policy for rental market, and help the people to get suggestions for rent, this article uses Saiz model for reference to build a theoretical model of the impact of immigrate population on housing prices to studies the relationship between immigrate population and rent changes in Beijing during the past eight years, and makes reasonable suggestions for residents and the government.</p>

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