German direct investment abroad last year showed a bigger increase than in any previous year. There are signs of certain interesting changes getting under way in regard to the aims as well as the structure of German investment activity alongside this growth. A striking feature is the increased...

The aim of this paper is to investigate whether Brazilian manufacturing firms are credit constrained. We exploit a rich database that contains more than three thousand firms with characteristics that may affect their degree of credit constraint: size, being listed in the Brazilian stock market...