We examine how firm and country heterogeneity shape the response of corporate investment in emerging markets to changes … the costs of external borrowing and (ii) a real options channel-reflecting firms' option values to delay investment. We … find evidence of the coexistence of both channels. Financially weaker firms reduce investment by more in response to higher …

of firm investment and its growth, and we also document the presence of two financial channels; the degree of firms … ownership data, we find that private investments are stimulated more for domestic firms. The presence of a private investment …

particular focus on the role played by financial frictions and investment dynamics. The paper provides two main contributions …. First, we empirically document that lower investment during financial crises is the key factor leading to permanent loss of …

Recent literature has shown that corporate indebtedness affects firm-level investment behavior but not necessarily … substitute depressed investment by their financially constrained competitors. The increase in investment, primarily driven by … equilibrium effects are unambiguously countercyclical because the increase in investment by unconstrained firms does not crowd out …

macroeconomic return of adaptation investment to natural disasters (NDs) and the impact of climate change. While the model follows … public finances. It also shows that adaptation investment has large returns in terms of private investment, employment …

The recovery of private investment in Italy has lagged its euro area peers over the past decade. This paper examines … capacity to invest. Empirical analysis provides evidence for the impact of wages on investment at the sectoral and firm levels …. Sectoral wage growth seems unrelated to sectoral productivity growth, but is negatively associated with investment. Firm …

vulnerable to financial frictions. By sheltering intangible investment from financial shocks, counter-cyclical macroeconomic … policy through the intangible investment channel, and its complementarity with pro-competition product market deregulation …

that depreciations boost profits, investment, and sales of firms that are more financially-constrained and have higher … reducing real wages, thereby spurring investment. We show that these effects on firm performance are enduring, including in the …