Government Spending Fluctuations and Their Effects on Value of Firms

Bernheim, B. D. (1989). A neoclassical perspective on budget deficits. Journal of
Economic Perspectives, 3(2), 55-72.
Blanchard, O. J. (1981). Output, the stock market, and interest rates. The
American Economic Review, 71(1), 132-143.
Booth, L. (1998). What drives shareholder value. Paper presented at the Presented
at the Federated Press “Creating Shareholder Value” conference.
Brigham, E., & Gapenski, L. (2006). Intermediate Financial Management. Sea
Harbor Drive. In: The Dryden Press.
Charpe, M., Flaschel, P., Hartmann, F., & Proaño, C. (2011). Stabilizing an
unstable economy: Fiscal and monetary policy, stocks, and the term structure
of interest rates. Economic Modelling, 28(5), 2129-2136.
Chiang, T. C. (2020). Economic policy uncertainty and stock returns—evidence
from the Japanese market. Quantitative Finance and Economics, 4(3), 430-
458.
Cooper, R., & Ejarque, J. (2003). Financial frictions and investment: requiem in
q. Review of Economic Dynamics, 6(4), 710-728.
Barkhordari et al., Iranian Journal of Economic Studies, 12(1) 2023, 199 - 215 215
Copeland Thomas, E., Koller, T., & Murrin, J. (1994). Valuation: measuring and
managing the value of companies. Wiley frontiers in finance.
Dai, Z., & Peng, Y. (2022). Economic policy uncertainty and stock market sector
time-varying spillover effect: Evidence from China. The North American
Journal of Economics and Finance, 62, 101745.
Damodaran, A. (2002). Investment valuation: tools and techniques for
determining the value of any asset. Language, 15(992p), 24cm.
Foresti, P., & Napolitano, O. (2016). On the Stock Markets’ Reactions to Taxation
and Public Expenditure. LEQS Paper(115).
Hamilton, J. D. (1996). The daily market for federal funds. Journal of Political
Economy, 104(1), 26-56.
Kazlauskienė, V., & Christauskas, Č. (2008). Business valuation model based on
the analysis of business value drivers. Engineering Economics, 57(2).
Lindenberg, E. B., & Ross, S. A. (1981). Tobin's q ratio and industrial
organization. Journal of business, 1-32.
Lieberman, M. B., & Balasubramanian, N. (2007). Measuring value creation and
its distribution among stakeholders of the firm. Available at SSRN 2382099.
Nurul Ain, R. (2017). The determinants of capital structure: plantation industry.
Universiti Utara Malaysia,
Paul, P. (2020). The time-varying effect of monetary policy on asset prices.
Review of Economics and Statistics, 102(4), 690-704.
Sahay, A., & Pillai, A. (2009). Differential impact of advertising and distribution
expenditure on Tobin's Q. Journal of Indian Business Research.
Salawu, R. (2010). The Dynamic Model of Capital Structure and Business Risk
of Listed Non-Financial Companies in Nigeria (1990-2006). An Unpublished
PhD Thesis Submitted to the Department of Management and Accounting,
Obafemi Awolowo University, Ile-Ife, Nigeria.
Stoian, A., & Iorgulescu, F. (2020). Fiscal policy and stock market efficiency: An
ARDL bounds testing approach. Economic Modelling, 90, 406-416.
Tiwari, R., & Kumar, B. (2015). Drivers of Firm's Value: Panel Data Evidence
from Indian Manufacturing Industry. Asian Journal of Finance &
Accounting, 7(2).
Tobin, J. (1969). A general equilibrium approach to monetary theory. Journal of
money, credit and banking, 1(1), 15-29.
Vasilyeva, R., Voytenkov, V., & Urazbaeva, A. (2021). Dynamic linkages
between stock markets: evidence from USA, Germany, China and Russia.
Proceedings of CBU in Economics and Business..., 2, 95.
Vermunt, J. K., & Magidson, J. (2005). A comparison between traditional and
latent class. New developments in categorical data analysis for the social and
behavioral sciences, 41-62.