sunk in zombie firms is associated with lower investment and employment growth of the typical non-zombie firm and less … investment and multi-factor productivity growth …

highlights future investment and financing challenges, especially for road transport. The methodology piloted in this study can …

trajectories currently lack disaggregation for a more granular and insightful matching with investment data. Energy performance …

We build a model of investment and financing decisions to study the choice between bonds and bank loans in a firm …'s marginal financing decision and its effects on corporate investment. We show that firms with more growth options, higher … investment. We test these predictions using a sample of U.S. firms and present new evidence that supports our theory …

, the sensitivity of cash to cash flow, and the sensitivity of investment to cash flow all decline significantly, while … investment significantly increases following the acquisition. These effects are stronger in deals more likely associated with …

. First, empirically, financial activity is lumpy, more than investment activity. Second, non-convex costs are necessary, in … the context of a dynamic investment and financing model, to rationalize this lumpiness. Two versions of the model, with …, generating financial lumpiness higher than investment lumpiness. Other predictions of the model with respect to investment and …

market timing and catering approach views managerial financing and investment decisions as rational managerial responses to …