We use the recent financial crisis period to analyse the effect of bank credit tightening on real firm investment. We …, investment falls substantially more in bank-dependent industries …

policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standard-deviation increase in Brexit uncertainty … foreshadows a reduction in investment by 8% on average in the following year. Besides we find that the uncertainty associated with …

firm level investment and high-frequency identified monetary policy shocks. We show that the reaction of firms' investment …

level investment sensitivity to cash flow is used to identify financing constraints. We find that the sensitivities are … importantly, the cash flow sensitivity of investment is lower in countries with better-developed financial markets. This suggests …

This paper explores how changes in macroeconomic uncertainty have affected the decision to participate in the European …. First, a time-series analysis explores if changes in measures of uncertainty over time have led to changes in aggregate … response rates. And second, a discrete-choice model for panel data is estimated to test if changes in uncertainty measures have …

This paper explores how changes in macroeconomic uncertainty have affected the decision to participate in the European …. First, a time-series analysis explores if changes in measures of uncertainty over time have led to changes in aggregate … response rates. And second, a discrete-choice model for panel data is estimated to test if changes in uncertainty measures have …

We formulate and estimate a structural model of firm investment behavior that specifies the exact channel through which … that both real and financial frictions have an important effect on firm investment dynamics. …

macroeconomic effects of public and private investment through VAR analysis. From impulse response functions, we are able to assess … the extent of crowding-in or crowding-out of both components of investment. We also compute the associated macroeconomic … rates of return of public and private investment for each country. The results point mostly to the existence of positive …

This paper investigates the link between corporate debt and investment for a group of five peripheral euro area … countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive … thresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt …

, the positive impact of a marginal increase in debt on investment efficiency disappears if firm debt is already excessive … banks and investment efficiency …