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 …

The corporate finance literature documents that managers tend to overinvest into physical assets. A number of … shareholders and managers. The present paper shows that overinvestments are not necessarily the (negative) consequence of agency … problems between shareholders and managers, but instead might be a second-best optimal response if the scope of court …

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 …

. Therefore, in an inflationary period generous tax depreciation provisions do not promote private investment as designed, but …

business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … control group, we address the question if and to what extent these investment tax incentives boosted investment. In line with … were cut back in 1997. Moreover, there was a significant reduction in building investment in the year after the expiration …

This paper addresses the issue of how regulatory constraints affect firm s investment choices when the firm has an … option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits … go beyond a given level. It is shown that a pure price cap and profit sharing are identical in their impact on investment …

Swedish firms show that firms borrowing from the program have higher rates of debt growth, investment spending, and employment …

pay back debt. In the long run, the allocation of undistributed cash to investment, retained earnings, and debt repayment …

spending - combined with investment theory - to estimate the discount rates used by managers. The standard story predicts that … firms in making their investment decisions. We use a revealed preference approach that relies on the pattern of investment … firms with high stock prices and good investment opportunities should have discount rates that do not differ systematically …