Cash holdings at the onset of a financial crisis are a key determinant of investment by SMEs not only during the crisis … persistent and growing investment gap. The amplification effect was present for SMEs with both volatile and stable cash holdings …

This paper proposes and analyses a model of start-up investment. Innovative entrepreneurs are commercially …

We provide new evidence on how monetary policy affects investment and firm finance in the United States and the United … conditioning on size, asset growth, Tobin's Q, leverage or liquidity - and drive the response of aggregate investment. Older … and financial frictions in amplifying the effects of monetary policy on investment …

consumption, portfolio allocation, financing, investment, and business exit decisions. The optimal capital structure is determined …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …

This paper examines the extent to which investment financing and market-timing explanations motivate public equity … one motive for the equity offer being to raise capital for investment. However, firms also hold onto much of the cash they …. These results suggest that market timing as well as investment financing is a motivation for equity offers …