This paper analyzes the joint effect of EPL and financial market imperfections on investment, capital … stronger in firms with lower levels of internal resources. We find that, on average, EPL reduces investment per worker, capital …

This paper presents an interesting analysis of the role of financial development in boosting domestic investment of a … country. The findings of the paper show that the responsiveness of investment to developments in the financial sector is … conditional on the investment climate already in place. The need for a well developed financial system is the most for countries …

investment firms activity. Within the European Union, the Directive 2010/76/EU (CRD III) has introduced new rules regarding the … remuneration policy for investment firms. The main goal was to reduce the risk of investment firms' activity. This is a prudential … regulation. The purpose of this article is to evaluate, from the point of view of an investment firm, proposed by the EU …

In many cases, a company's capital investment decision is not a one-off “yes/no”, but occurs as a result of a sequence … of decisions of a more preliminary nature. Major resource investment projects, for example, typically have to pass … several “feasibility” tests before companies fully commit to them. Accordingly, there is an “investment pipeline” of projects …

We examine determinants of, and interactions between, capital inflows, financial development, and domestic investment … macroeconomic policy. Both private capital inflows and domestic credit exert a positive effect on investment; they also mediate most … of the investment impact of the global price of risk and domestic borrowing costs. Surprisingly, neither greater domestic …

and external funds. As a consequence investment by firms facing high information cost is not only determined by expected … study derives a theoretical investment-liquidity constraint model to test the hypothesis that the investment decisions of … on the severity of liquidity constraints for investment. The major findings of the study indicate that when the …

This paper presents a switching regression model of investment decision where the probability of a firm facing … establishes that financially constrained firms exhibit a much higher investment-cash flow sensitivity than those identified to be …

The successful investment policy is an integral part of successful activity of the insurance company. The return to the … shareholders of the insurance company usually thought of as comprising the underwriting result and investment income. The … investment income is very important even for an insurance company, which writes mainly a short tail business. For the successful …

opportunities and investment demand. Financial development primarily affects firms' external financing constraints. (2) Large firms …