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 …

deduction for qualified angel and VC investment in China as a quasi-natural experiment. We find that the tax incentive increases … substitution between eligible and non-eligible investments. There is no evidence that the tax incentive lowers investment quality …

. As a result, the investment in a given division is more sensitive to the division s cash flow than to other divisions …

firms that borrowed more increased employment and fixed capital investment, albeit to a lesser degree than before the APP …

SMPEs with positive taxable income increased investment, interest expense and productivity. SMPEs in taxable losses did not …

We investigate whether investment incentives work in less developed countries by exploiting the introduction of … accelerated depreciation (AD) for fixed asset investment in China as a natural experiment. In contrast to the large positive … stimulating Chinese firms' investment. Further, using confidential corporate tax returns from a large province, we find that firms …