We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … channel. For each of those countries, we estimate neoclassical investment relationships, explaining investment by its user … cost, sales and cash flow. We find investment to be sensitive to user cost changes in all those four countries. This …

The interpretation of the significant relation between business investment spending and cash flow has been … controversial. A large body of research has found that investment/cash flow sensitivities are higher for financially constrained … with the Kaplan and Zingales critique, investment/cash flow sensitivities are lower for financially constrained firms. This …

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 …

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 … by Gilchrist and Himmelberg. We compare the results from two different estimation techniques for dynamic investment …

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 develop a formula for user costs of housing on the basis of a neoclassical approach to housing investment which does …

Real residential investment in Germany is found to be cointegrated with population, real national income per capita and … adjustment via residential investment slowed down substantially and real house prices lost the capacity to contribute to the … to explain significant differences in alternative trend-cycle decompositions of residential investment. …