The paper investigates whether the effects of monetary policy on firm investment can be transmitted through leverage …. The findings indicate that monetary contractions reduce investment for highly leveraged firms. The estimates imply that a … 1percentage point increase in leverage reduces investment by 0.109 percent through leverage. Robustness tests broadly …

cash and its equivalents even in the presence of potential investment opportunities. This suggests that establishing a …

The paper examines the interaction between risk, capital and operating efficiency in a simultaneous equation setting …