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The study investigates the role of financial development in boosting the investment efficiency of firms' investments in … concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more … likely to increase (decrease) their investment' in the response of underlying financial development in the economy. This …
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The relationship between domestic saving and investment provides important insights for the integration of national … should be no close relationship between national saving and investment. The aim of this study is to measure the degree of … financial integration by exploring the saving-investment nexus in Eastern European countries. We employ panel cointegration and …
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opportunities and investment demand. Financial development primarily affects firms' external financing constraints. (2) Large firms …
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