access to additional financing. Overall, the results suggest that the bundle of inputs that angel investors provide have a …

that have positive cost of capital shocks and larger financing needs. We also find that firms respond with additional …

It is well understood that investment serves as a shock absorber at the time of crisis. The duration of the drag on … investment, however, is perplexing. For the nine Asian economies we focus on in this study, average investment/GDP is about 6 … markedly as public and private sectors look inward when external financing becomes prohibitively costly, altogether impossible …

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 …

product market, concerning in particular entry barriers, are negatively related to investment. The implications of our … analysis are clear: regulatory reforms, especially those that liberalize entry, are very likely to spur investment …