We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …

the United States, is that the heavy regulation of Europe reduces its growth. Using newly assembled data on regulation in … several sectors of many OECD countries, we provide substantial and robust evidence that various measures of regulation in the … product market, concerning in particular entry barriers, are negatively related to investment. The implications of our …

Following a brief review of the U.S. domestic airline industry under regulation (1938-1978), we study the changes that …) possible market power of dominant airlines, and (c) congestion and investment shortfall in the airport and air traffic …

has significant effects on the cost of capital, investment, and economic growth …

The General Data Protection Regulation (GDPR) came into effect in the European Union in May 2018. We study its short …-run impact on investment in new and emerging technology firms. Our findings indicate negative post-GDPR effects on EU ventures …

We quantify the role of financial leverage behind the sluggish post-crisis investment performance of European firms. We … investment more after the crisis. This negative effect is stronger for firms holding short-term debt in countries with sovereign … stress, consistent with rollover risk being an important channel influencing investment. The negative effect of firm leverage …

investment, especially for long samples that begin in 1891 or 1921. Moreover, for the period since 1921 where data on a q … Canadian investment, except that the U.S. stock market turns out to have move predictive power than the Canadian market. I …