set on innovation for a large number of Italian firms over the 1990’s. There is evidence that banking development affects … the probability of process innovation, particularly for small firms and for firms in high(er) tech sectors and in sectors … more dependent upon external finance. The evidence for product innovation is weaker. There is also some evidence that …

activities, using a rich data set on innovation at the firm level for a large number of Italian firms over the 90's. There is … evidence that banking development affects the probability of process innovation, particularly for small firms and for firms in … development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it increases …

also developed a summary index of the efficiency of investment allocation that measures whether, and to what extent …, investment funds are going to firms with a higher marginal return to capital. Then it was examined the relationship between this … has led to an increase in the efficiency with which investment funds are allocated. …

cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …

firms to cut investment, employment, and borrowing. We conclude that financial market fluctuations affect even private firms …

, resulted in lower investment, employment, and bank debt for younger and smaller firms. These effects dominate those of banks … aggregate investment and employment, and to a less efficient resource allocation. …

assess the severity of financing constraints, by focusing on firms investment choices. All the papers (but one) were part of … country risk. Moreover, firms that have foreign participation appear to be less financially constrained in their investment …

distribution of investment rates. We then present two pieces of econometric evidence on these issues. First, we estimate a discrete … hazard model to determine the probability of having an episode of high investment, conditional on the length of the interval … from the last high investment episode and we discuss what the empirical results suggest about the shape of the adjustment …

This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. In particular, we … investigate how different types of fiscal policy affect profits and , as a result, investment. We find a sizable negative effect … of public spending -- and in particular of its public wage component -- on business investment. This result is consistent …