cyclical behavior of aggregate fixed investment, variable capital investment, and output in the presence of persistent … fixed capital investment is reinforced by the financing constraint. Second, the effect of the financing constraint on … variable capital investment is reinforced by the irreversibility constraint. Finally, the interaction between the two …

firm investment. We analyze the investment decision in presence of a borrowing constraint on the amount of the debt that … deduction of the debt interest from taxes on capital income may reduce firm investment. This theoretical result should be …

exhibit high and significant investment-cash flow sensitivities. Our findings provide a new explanation for why some …

Financing constrains on investment are mainly important for small privately owned firms. Yet most of the investment … based on a variable capital investment equation. Because it does not require the information about marginal q, the test can …

cyclical behavior of aggregate fixed investment, variable capital investment, and output in the presence of persistent … fixed capital investment is reinforced by the financing constraint. Second, the effect of the financing constraint on … variable capital investment is reinforced by the irreversibility constraint. Finally, the interaction between the two …

This paper examines the sensitivity of investment to available cash-stock, a measure for internal funds, for 192 listed … constraints to investment than larger firms due to financial market imperfection and unequal access to external finance. We also … find that financing constraints of investment by small firms are eased along with financial development. It is likely that …

This paper examines the sensitivity of investment to available cash-stock, a measure for internal funds, for 192 listed … non-financial firms of Bangladesh from 1992 to 2002. The empirical results show that smaller firms have greater investment … find that investment financing constraints of small firms are eased along with financial development. It is likely that …

investment regressions and using the investment Euler equation. Results show that internal finance played a bigger role for …

We explore whether financial development reduces external investment financing constraints for firms. Within …-country provincial measures of financial development are linked to investment usingdata from the Vietnamese enterprise survey (VES). We … degree of marketdriven financing in the economy. We find that financial development reduces investment financing constraints …