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 …

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 …