Little evidence exists on the financing decisions of newly founded firms or on the financing dynamics of these firms … over their life cycle. We aim to help filling this gap by investigating the financing dynamics of 2,456 French … observe significant heterogeneity in the financing decision in the firms' founding year, we focus on analyzing whether these …

In this paper, we investigate the damage to real-sector investment spending and corporate financing activities … triggered by the failure of three major investment banks during the 2007-09 financial crisis. We find that firms characterized … by pre-crisis corporate investment banking relationships with troubled investment banks exhibit significantly lower post …

Investor protection is associated with greater investment-sensitivity to q and lower investment-sensitivity to cash …-sensitivities are associated with ex-post investment efficiency; investment predicts growth and profits more strongly in countries with … investor protection laws promote accurate share prices, reduce financial constraints, and encourage efficient investment …