also developed a summary index of the efficiency of investment allocation that measures whether, and to what extent …, investment funds are going to firms with a higher marginal return to capital. Then it was examined the relationship between this … has led to an increase in the efficiency with which investment funds are allocated. …

assess the severity of financing constraints, by focusing on firms investment choices. All the papers (but one) were part of … country risk. Moreover, firms that have foreign participation appear to be less financially constrained in their investment …