This paper investigates empirically the linkages between corporate debt overhang and investment activity at the firm … investment may be discouraged by high levels of debt that put at risk future profits, as well as firm dimensions that may sharpen … the debt-investment link. Using balance sheet data from a broad set of emerging market and developing economy firms, the …

independence, but also inhibits the growth of national economies. In a context of growing global competition for private investment … identifies and analyzes investment incentives that governments can provide to businesses with the aim of promoting gender … jobs or investment financing, and demand-side barriers that make it more costly for firms or investors to hire or fund …