causal relationship among sales and cash flow on the one hand and investment and R&D on the other, using three large panels … investment and R&D are more highly sensitive to cash flow and sales in the United States than in France and Japan. Corresponding …, both investment and R&D predict both cash flow and sales positively in the United States, while the impact is somewhat more …

This paper examines how the investment of financially constrained firms varies with their level of internal funds. We … develop a theoretical model of optimal investment under financial constraints. Our model endogenizes the costs of external … investment is U-shaped. In particular, when a firm's internal funds are negative and sufficiently low, a further decrease leads …

The paper examines the interpretation of firms' investment-cash flow sensitivity as an artifact of financial market … investment-cash flow sensitivity is discussed as well as some of the macroeconomic implications of financial market imperfections. …

set of facts about the amplitude of inventory investment and its sectoral and time heterogeneity. …

grow to function as independent Iintellects, Master/Sponsor representatives and self- decision workers with autonomy … of the Combrain will be to identify,plan&derive implementation methods for Basic Needs;Domestic Investment …,Savings,Technology;Labour;Management Decision& Productivity Monitoring; and prediction&preparation for the impact of Intangible components in Development process …

practical solutions. Algebraic Model with a broad based Redefined Productivity Model and Management Decision integrated with …

and performance of firms, we find that: i) corruption reduces FDI inflows and attracts lower quality investment in terms … than being construed as a case against foreign investment; we argue that state capture is created and maintained through …