Hosono, Kaoru; Hotei, Masaki; Umezaki, Chie - In: Public Policy Review 9 (2013) 2, pp. 365-404
Is the timing of a firm's large-scale investment (investment spike) affected by external finance constraints? We use firm-level quarterly data including those on unlisted firms, and estimate the investment hazard rate, i.e., the probability of undertaking a new investment spike today as a...