Focusing on a panel of unlisted firms from transition economies, we observe that only firms facing low irreversibility … exhibit high and significant investment-cash flow sensitivities. Our findings provide a new explanation for why some …

variable capital investment is reinforced by the irreversibility constraint. Finally, the interaction between the two … irreversibility constraints. The financing constraint implies that firms cannot borrow unless the debt is secured by collateral; the … irreversibility constraint that they can only sell their fixed capital by selling their business. We use this model to examine the …

variable capital investment is reinforced by the irreversibility constraint. Finally, the interaction between the two … irreversibility constraints. The financing constraint implies that firms cannot borrow unless the debt is secured by collateral; the … irreversibility constraint that they can only sell their fixed capital by selling their business. We use this model to examine the …

Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by … induced policy uncertainty have revised their investment plans differently from those that did not perceive an increase in … uncertainty. We find strong evidence that an increase in policy uncertainty does lead firms to reduce their investment plans. As …

This paper analyses the impact of exchange rate uncertainty upon the pattern of investment in different exchange rate … exchange rate regimes indicates that currency volatility exerts only a small influence upon the level of investment spending …

Does increased policy uncertainty dampen investment plans of firms? We provide direct evidence on this question by … induced policy uncertainty have revised their investment plans differently from those that did not perceive an increase in … uncertainty. We find strong evidence that an increase in policy uncertainty does lead firms to reduce their investment plans. As …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …

Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … relationship: marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent. These results …

Investment of French firms remained weak in the first part of the 90's, after allowing for the sluggish economic growth … fluctuations. We first describe the evolution of investment using a large panel of French firms, distinguishing the size and the … industry. We afterwards estimate an investment equation which enables us to check whether these firms were subject to financial …