The impact of uncertainty on firms? investment outlays is subject to an ongoing debate. Theory identifies several … investment likely. On the other hand, the ability of firms to adapt after uncertainty is resolved can make a risky strategy more …?s investment outlays using the database of the Deutsche Bundesbank's corporate balance sheet statistics. Our database represents …

We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … euro-area countries (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing … channel. For each of those countries, we estimate neoclassical investment relationships, explaining investment by its user …

The paper explores the investment behaviour of German firms in the context of the Qapproach, which plays a dominant … role in empirical investment research. The analysis is based on the Deutsche Bundesbank's corporate balance sheet … the majority in Germany. One of the key variables when using balance sheet data, which has attracted much detailed …

?s Investment Tests (IT) during the years 1988-1998, we create a panel with information on investment, innovation activity and … financing conditions. Financial constraints affect the distribution of investment over time in a fundamental way. Following a … on Schworm?s (1980) model of optimal investment under financial constraints, we use it to test the empirical content of …

same conclusions concerning the investment behaviour of German manufacturing firms based on the Deutsche Bundesbank …'s Corporate Balance Sheet Statistics. Investment is strongly positive dependent on lagged investment and Q. Nevertheless, in …

relationship between investment activity and financial constraints is theoretically ambivalent due to simultaneity, the link … take longer to close capacity gaps. This indicates that financial constraints do indeed play a part in the investment …

This paper proposes a new framework for studying the effects of monetary policy on business investment. Important … ambiguities with the modeling of investment dynamics and interactions between real and financial decisions suggest modeling … investment spending as a VAR. Based on a panel of financial statement data for 6,408 German firms (44,345 datapoints …