Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …

estimator is biased in the context of dynamic estimation. The estimators taking into account the resulting bias can be grouped … 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 article tests the hypothesis that financial supply-side shifts help to explain the low-investment climate of …

The empirical identification of non-linearities in investment relies on how investment is assumed to be separated into … investment which allows us to observe regime separation, an aspect of the data that is typically absent from previous empirical … concentrating investment in a single year. Moreover, there is evidence that investment is more sensitive to fundamentals in the high …

adjustment takes place. A set of moment conditions for the use in GMM estimation is developed, to cope with the problem of time …

estimator is biased in the context of dynamic estimation. The estimators taking into account the resulting bias can be grouped … 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 attempts to test whether financial supply-side shifts explain the low-investment climate of private firms in …