investment. The model shows that increasing uncertainty will reduce the time horizon as well as investment. Moreover, the …

A large body of empirical work has established the signi¯cance of cash flow in explain- ing investment dynamics. This … time-to-build for capital projects creates an investment cash flow sensitivity as found in empiri- cal studies that may not … be indicative of capital market frictions. The result is due to mis-specification present in empirical investment …

The present work studies to the saving and international trade as determinants of the investment in the Latin …-American countries during 1951-2000 using data panel technique. The empirical results show that the differentials of rates of investment … investment. As far as the international trade it is possible to be indicated that while exists policies that allow to increase it …

A large body of empirical work has established the significance of cash flow in explain- ing investment dynamics. This … time-to-build for capital projects creates an investment cash flow sensitivity as found in empiri- cal studies that may not … be indicative of capital market frictions. The result is due to mis-specification present in empirical investment …

investment expenditures on firm’s cash flow. Through the application of dynamic panel data techniques to an extended version of … Eulero’s investment equation of a sample of Italian SMEs, the analysis shows that the growth of the subsample of the small …

time value of money in economic analysis of investment is represented in our article. The recommended phased method of … allowing for the time factor is distinguished by: • reducing investment projects’ (IP) cash flow to two evaluation aspects …: investments by investment stage completion and cash flow by maintenance completion; • allowing for investment stage fund freezing …

Methodologically, the recommended investment project (IP) selection system is distinguished from one in force by: new … conception allowing for time factor; evaluating IP efficiency by eventual reproduction results, not by intermediate investment … the investment success criterion. …

We analyze firms’ investment behavior, differentiating firms according to the cash flow levels they experience during … positive cash flow show higher investment-cash flow sensitivity than firms with persistent negative cash flow. Independent of …