firm's capital investment with respect to investment opportunity. As a direct measure for the productivity of banks, we … the past three decades. The panel estimations for an extended investment equation based on Q-theory show, in a … to capital investment opportunities, provided that these firms hold close relationships with a high performance bank …

Financial factors and ownership structure are both part of the determinants of corporate R&D investment. Considering … structure explain R&D investment in Japan. Following the methodology of Brown et al. (2009), which extends the dynamic … investment model of Bond and Maghir (1994) to R&D investment, we find that only small, young firms mainly listed on new emerging …