We use the stochastic frontier approach to estimate the impact of firm characteristics on investment decisions of …) optimum investment that is consistent with a firm's characteristics such as the Tobin‟s q during each firm-year, and then … estimate the deviation from this unobserved optimum in the form of an (investment) efficiency score that varies between zero …

strategic (focused on increasing revenues through investment). Using predictions from the theoretical framework, we estimate a … firm-level labor demand equation to test defensive restructuring and an augmented investment equation to assess strategic … restructuring. The labor demand estimates point to relatively slow defensive restructuring, while the investment model estimates …

Investment in network infrastructure can boost long-term economic growth in OECD countries. Moreover, infrastructure … investment can have a positive effect on growth that goes beyond the effect of the capital stock because of economies of scale … between infrastructure and economic growth. Time-series results reveal a positive impact of infrastructure investment on …

This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies. Rate … changed investment in network industries. According to the theoretical literature, regulatory uncertainty exposes both types …-of-return regulation because investment decisions (what can be included in the rate base) are usually evaluated in a discretionary manner …

simultaneously TFP, Total Factor Productivity, identified as efficiency, and the parameters of a model where investment depends upon … internal funds, wages, and sales, as in Prasnikar J. and Svejnar J. (2000). It shows that while real investment is higher in … foreign firms, the improvement in efficiency due to investment is significantly higher in Hungarian domestic firms. We test …

A multitude of explanations for low investment by Russian firms have been offered: high inflation, high interest rates … investment in Russia will not occur if firms are unable to ensure the security of their property and property rights; that is, if … the risk of destruction or expropriation is high. Nor will investment occur if access to investment funds is limited. Data …

Feldstein-Horioka criterion. More precisely, we test the cross-correlation of savings and investment rates across European Union … the regional level. Furthermore, the testing of the relationship between savings and investment in consistent sub …

In this paper, we examine net investment during the early stages of transition using micro data on the population of … models of investment and test if investment behavior varies across categories of ownership and with the legal status of firms …. Our analysis of depreciation leads us to the conclusion that replacement investment displays a similar pattern in many …