Oskam, Arie J.; Goncharova, Natalia V.; Verstegen, Jos … - 2009
(-), energy price growth (+), revenues (+) and age of the firm owner (-).The level of investment is also related to available …Investment models typically explain only a small share of the total investmentvariation within or between firms. A … the level of investment. Inthis paper, a two-steps theoretical framework and estimation procedure are developed to …