Productivity is known as the one of the most important engines for achieving sustainable growth of an economy. It implies the efficiency of the production process or the innovation in the economy. That is, through improving productivity, the present generation can meet its needs without...

The purpose of this paper is to investigate the possible role of asset tangibility (mainly collateral) on corporate’s investment decision. To satisfy the purpose, we highlight the differences of corporate investment behaviors between the 1990s and the 2000s considering its financial phase. The...