This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by … the real options literature, which suggests a weaker response of investment to demand shocks at higher levels of … can be detected as a smaller impact of sales growth on investment for firms facing higher uncertainty. Using a stock …

theory, practice, and policy. Using seven different methods on microenterprise loan applicants, we find striking results …

This Paper reports a new test of capital structure theories. It uses a filtering technique to identify large investment …

Using firm-level data, we provide evidence that, although monetary policy affects real investment, the effect operates …

The main aims of this paper are, first, to construct a consistent comparative set of data on the sources of finance for … investment over the period 1970--89 for Germany, Japan, the United Kingdom and the United States and second, to challenge some …

out a lower proportion of their profits as dividends and finance a larger proportion of their investments from retentions …. German banks extend more long-term finance to medium-sized firms but UK firms raise more new equity. The paper tests … alternative theories of corporate finance. It finds no relation between finance and taxation, and information theories only …

the provision of long-term finance. This approach suggests that the separation between the analysis of investment and that … of finance, which has been the starting point of corporate finance theory, is untenable in a multi-period context in …-85. Many of the problems associated with previous studies of corporate finance are avoided by defining financing proportions in …

The paper addresses the following questions. Does bank lending comprise a relatively large amount of finance for … investment in Germany, and, if so, is this a consequence of bank representation on companies' supervisory boards (which, it is …

In this paper we first propose a proxy for the maturity of a country’s export bundle based on product life cycle theory …. Employing a conditional latent class model, we then examine the effect of maturity of countries’ exports on their economic … faster when they specialize in less mature products in an advanced country regime. The effect of maturity turns insignificant …

average maturity of government debt. We analyse these relationships under two different institutional settings. In one case … given. We identify the main mechanisms through which inflation is affected by debt and debt maturity (a real balance effect … monetary and fiscal policy we find that the persistence and volatility of inflation depends on the sign, size and maturity …