access to additional financing. Overall, the results suggest that the bundle of inputs that angel investors provide have a …

that have positive cost of capital shocks and larger financing needs. We also find that firms respond with additional …

It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on … investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 … markedly as public and private sectors look inward when external financing becomes prohibitively costly, altogether impossible …