countries. Will these developments improve economic performance in terms of creating jobs, fostering investment, and encouraging …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …

, resulted in lower investment, employment, and bank debt for younger and smaller firms. Importantly, these effects dominate … those of banks’ balance-sheet variables. We also show that higher CDS spreads led to lower aggregate investment, employment …

firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …

. Most firms revise downward their expectations for sales, orders, employment, and investment, while prices are expected to …