نوع مقاله : مقاله پژوهشی
نویسندگان
1 گروه اقتصاد نظری، دانشکده اقتصاد، دانشگاه علامه طباطبائی، تهران، ایران.
2 هیات علمی گروه اقتصاد نظری دانشکده اقتصاد علامه طباطبایی
چکیده
کلیدواژهها
موضوعات
عنوان مقاله [English]
نویسندگان [English]
The level of investment by firms and the factors influencing it have always been a subject of interest for researchers. With the advancement of technology, the significance of intangible investment in this field has increased. Intangible investment shows less responsiveness to changes in firm valuation compared to tangible investment. It depreciates more quickly and has lower collateral value, leading to different behavioral patterns compared to tangible investment. This research aims to evaluate the impact of monetary policy on the intangible investment of listed companies in Iran through the monetary transmission channel. The Generalized Method of Moments approach has been used to analyze this issue for 50 companies during the period from 2011 to 2022. The results indicate that monetary policy has a positive and significant impact on companies' level of investment in intangible assets. Moreover, firm size, Tobin's Q ratio, cash flow, and the level of intangible investment have a positive and significant impact on intangible investment by firms in the examined period. Another notable finding is the significant and positive influence of changes in gross domestic product on the level of intangible investment by manufacturing firms.
کلیدواژهها [English]
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