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 …

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 …

The paper analyzes investment behavior of industrial enterprises in the period immediately following price and foreign … microeconomic decisions. A dynamic investment function with symmetric adjustment cost function based on the Euler equation has been … estimated. The derived and estimated investment function accounts for export sales in order to determine whether firms evaluate …

the Arellano-Bond (1991) method to investigate the investment behaviour. We employ the model of optimal capital …

We examine financial constraints and forms of finance used for investment, by analysing survey data on 157 large … assets as appropriate types of finance for their investment programmes. Preferences for raising finance in the form of equity …

We study whether Russian Financial-Industrial Groups facilitate access by Russian firms to investment finance. We … control set of large firms categorized by dispersed ownership or/and management and employee control. We find that investment … reallocation hide opportunistic value transfer across firms. Specifically, we assess the quality of the investment process in group …

Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on … rationed. Given the large volume of non-performing bank loans to firms and the high rate of investment of large state owned and …