This paper documents the role of angel funding for the growth, survival, and access to follow-on funding of high … funding and those that do not. This technique exploits that a small change in the collective interest levels of the angels can … lead to a discrete change in the probability of funding for otherwise comparable ventures. We first show that angel funding …

It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on … investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 … between the sustained reserve accumulation and the persistent and significantly lower levels of investment in the region. Put …

We quantify the role of financial leverage behind the sluggish post-crisis investment performance of European firms. We … investment more after the crisis. This negative effect is stronger for firms holding short-term debt in countries with sovereign … stress, consistent with rollover risk being an important channel influencing investment. The negative effect of firm leverage …

We provide new evidence on how monetary policy affects investment and firm finance in the United States and the United … conditioning on size, asset growth, Tobin's Q, leverage or liquidity - and drive the response of aggregate investment. Older … and financial frictions in amplifying the effects of monetary policy on investment …

This paper examines the extent to which investment financing and market-timing explanations motivate public equity … one motive for the equity offer being to raise capital for investment. However, firms also hold onto much of the cash they …. These results suggest that market timing as well as investment financing is a motivation for equity offers …

, the sensitivity of cash to cash flow, and the sensitivity of investment to cash flow all decline significantly, while … investment significantly increases following the acquisition. These effects are stronger in deals more likely associated with …

Which is the tighter constraint on private sector investment: weak property rights or limited access to external …

This paper analyzes the determinants of buyout funds' investment decisions. In a model in which the supply of capital … is quot;stickyquot; in the short run, we link the timing of funds' investment decisions, their risk-taking behavior, and …'s precise investment choices. Our empirical findings are consistent with the model. First, established funds accelerate their …