measures of liquidity on the investment decisions of U. K. firms. These variables are introduced via an extension of the Q … model of investment which explicitly includes agency/financial distress costs. We discuss if the significance of cash flow …

countries. Will these developments improve economic performance in terms of creating jobs, fostering investment, and encouraging …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …

banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it … increases the probability they will engage in R&D. -- banks ; financial development ; innovation ; R&D ; investment …