We find a significant negative effect of idiosyncratic stock-return volatility on investment. We address the … concentration. We propose that the negative effect of idiosyncratic risk on investment is partly due to managerial risk aversion …, and find that the negative relationship between idiosyncratic uncertainty and investment is stronger for firms with high …

1980s. This instability is a result of an investment-growth asymmetry that flows from a combination of a services …-intensive growth pattern and a manufacturing-intensive investment pattern. These in turn reflect the pattern of demand expansion within … the domestic economy as well as in external markets and also the reliance on private corporate investment as the driver of …

-government digital services itself and, on top of that, further enhancing investment incentives with a regulatory framework in a …

This paper investigates the investment behaviour of a large panel of Hungarian firms in the period 1989–99, in order to … financial factors for investment decisions has changed significantly after the introduction of major financial reforms, and that …

The theoretical literature suggests that there should be a bi-directional relationship between investment and mergers … in high-income countries, cross-border mergers tend to Granger cause investment, while in low- to middle-income countries …, investment Granger causes mergers. …

After eighteen years of mass migration of the Albanian population, primarily to Greece and Italy, a question arises … residing in the Marche and Apulia regions in Italy, conducted in the period May - September 2007. Simultaneously, we carried … migratory project, would like to maintain links with both Albania and Italy, becoming a factor of Albania’s development thanks …

investment frictions and a non-separable utility function in consumption and leisure. Edgeworth-complementarity between …

We study how alternative measures of market concentration may explain investment decisions of Mexican manufacturing … econometric assessments suggest that investment decisions of Mexican firms can be better explained by the Dominance Index measure … certain characteristics of the firms (size, cash flows, investment opportunities and capital intensity) as control variables. …

The paper investigates whether the effects of monetary policy on firm investment can be transmitted through leverage …. The findings indicate that monetary contractions reduce investment for highly leveraged firms. The estimates imply that a … 1percentage point increase in leverage reduces investment by 0.109 percent through leverage. Robustness tests broadly …