There is increasing emphasis on the importance of efficient financial markets for sustained real investment and …''s investment decisions. The purpose of this paper is to model the impact of financial reforms on borrowing constraints faced by … firms and to test the impact of financial reforms on the investment decisions of firms in Turkey. To do so, the paper builds …

The COVID-19 pandemic has resulted in an unprecedented shock to firms with adverse consequences for existing productive … the pandemic, and we expect firms facing digital constraints to be less resilient to supply shocks. This paper uses firm …

We measure the impact of frequent exogeneous shocks on small ECCU economies, including changes to global economic … dynamic panel regression analysis we find significant effects of most of these shocks on output, while only fluctuations in … Covid-19 related shocks lead to substantial contractions in output in all ECCU countries and deterioration of the current …

shocks induced by the pandemic to their liquidity, viability and solvency. For this purpose, we develop novel multi …-factor sensitivity analysis and dynamic scenario-based stress test techniques to assess the impact of shocks on firm's ability to service … find that a large share of publicly-listed firms become vulnerable as a result of the pandemic shock and additional …

To assess the resilience of India's corporate sector against COVID-19-related shocks, we conducted a series of stress …

/subsidy and a labor tax/subsidy. Labor shocks, such as the COVID-19 shock, amplify the policy responses, which critically depend …We study how financial frictions amplify labor supply shocks in a macroeconomic model with occasionally binding …

This paper examines dynamic patterns of investment in Cameroon, Ghana, Kenya, Zambia and Zimbabwe, assessing the … importance of zero investment episodes and lumpy investment. The proportion of firms experiencing large investment spikes is … significant in explaining aggregate manufacturing investment. Taken together, evidence from descriptive statistics, average …

Panel data on Ghanaian manufacturing firms are used to test predictions from models of irreversible investment under …, higher uncertainty raises the hurdle level that triggers investment, and uncertainty has a negative effect on investment … levels that is greater for firms with more irreversible investment …