We show that credit supply shocks have a strong impact on firm-level as well as aggregate investment by applying the … are found to impair firm-level investment in all firms in our sample, but in particular for small firms and those with no … 20-40% of aggregate investment dynamics. …

We show that credit supply shocks have a strong impact on firm-level as well as aggregate investment by applying the … are found to impair firm-level investment in all firms in our sample, but in particular for small firms and those with no … 20-40% of aggregate investment dynamics. …

Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … this relationship: the marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent …

monetary and other shocks. The theory predicts a positive effect of cash flow on investment, given fundamental determinants of … investment. I use an empirical method developed by Gilchrist and Himmelberg (1995, 1999), which has previously only been used to … its investment, controlling for any information in cash flow about investment opportunities. As predicted by the balance …

been only a few analyses looking at this question empirically. The present study focuses on a panel of 27 transition and 20 … Western European countries between 1990 and 2006 and uses the latest developments in panel unit root and cointegration testing …

In our analysis we discuss several dynamic panel data estimators proposed in the literature and assess their … same conclusions concerning the investment behaviour of German manufacturing firms based on the Deutsche Bundesbank …'s Corporate Balance Sheet Statistics. Investment is strongly positive dependent on lagged investment and Q. Nevertheless, in …

This paper examines the impact of demographic factors on saving, investment, and external balances. We derive a number …-structural equations to a large panel data set. While our findings by and large are in agreement with most previous studies, our semi …-structural equations give much more plausible estimation results for saving and investment than conventional specification. …

service sector. This could represent a widening misallocation of capital. Furthermore, a panel regression shows that within …