This paper examines the link between liquidity constraints and investment behaviour on the one hand, and firm size on … have investment functions which are more sensitive to liquidity constraints than do the larger enterprises. These results … finance. Such liquidity constraints are found to exist in Germany only since the mid-1970s, however. Apparently the German …

firm investment. This hypothesis is tested by estimating investment equations for two groups of German manufacturing firms … external financing costs and liquidity constraints. Findings support the hypothesis of greater investment sensitivity to … liquidity constraints, as well as increased investment sensitivity over time, for the group of independent firms. …

America. Our results indicate that: (1) lending booms are often associated with (i) a domestic investment boom, (ii) an …

This paper explores the implications of public investment for macroeconomic performance within a simple two …-period policymaking model. We show that under the balanced-budget rule, the contribution of public investment to future output plays a key … expenditures, the attractiveness of public investment crucially depends on the return from capital spending relative to the cost of …

investigate several issues relating to the notion of a `tri-polar' global economic system comprising Germany, Japan and the US. …

We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …

Credit constraints are more frequent among growth companies with large investment opportunities. For the same reason … investment opportunities to a larger extent. (ii) Taxes which are neutral in a neoclassical world, still restrict expansion … investment of constrained firms by reducing free cash-flow and thereby discourage innovation. (iii) A revenue neutral increase in …