-led growth in this paper. The inherent tension between providing sufficient profit incentive to motivate investment by the …

result is established in a model with tax advantage to debt and expectations about a forthcoming tax reform. Investment spurt … leaves the long-run investment incentives of an all-equity firm unaffected is shown to cause a substantial short run … investment hike. The findings are illustrated by numerical simulations indicating the magnitudes of the spurt effects. …

The purpose of this paper is to empirically investigate the interaction between hedging, financing, and investment … differs for firms with different growth opportunities. We empirically find that high-growth firms increase their investment …, but not their leverage, by hedging. However, we also find that firms with few investment opportunities use derivatives to …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

We argue that positive comovements between land prices and business investment are a driving force behind the broad … joint dynamics of land prices and business investment. …

guarantee existence. When investment adjustment costs are introduced, the monetary and fiscal policy dichotomy is in principle …

emerging markets. The paper measures the risk of short-term exposure by estimating, at the firm level, the effect on investment … not find that this reduction in net worth translates into a drop in investment. …