emerging markets. The paper measures the risk of short-term exposure by estimating, at the firm level, the effect on investment … not find that this reduction in net worth translates into a drop in investment. …

their investment decisions. Moreover, financial con-straints become more severe in times of restrictive monetary policy. …

We investigate the transmission of monetary policy to investment using Norwegian administrative data. We have two main … that firm heterogeneity plays a minor role in monetary transmission. Second, we disentangle the investment channel of … investment channel of monetary policy is due almost exclusively to direct effects. The two results imply that a representative …

accelerator specification of investment demand augmented by the liquidity ratio and a firm specific user cost of capital. The … significant for young firms due mainly to the fact that young firms rely more heavily on sales to increase investment. In general … it is found that firms can reduce the sensitivity of investment to their liquidity position by building lending …

The purpose of this paper is to empirically investigate the interaction between hedging, financing, and investment … differs for firms with different growth opportunities. We empirically find that high-growth firms increase their investment …, but not their leverage, by hedging. However, we also find that firms with few investment opportunities use derivatives to …

towards banks contracts the amount and maturity of corporate debt and leads firms to slow investment and forego growth …

guarantee existence. When investment adjustment costs are introduced, the monetary and fiscal policy dichotomy is in principle …

adjustment function implies that aggregate investment is relatively unresponsive to aggregate shocks in deep recessions as …

appears unaffected: investment rates are flat, and productivity has slowed down. We investigate whether measurement issues … as intermediate consumption. Thus they do not count as either GDP or investment. We ask how treating such spending as … investment affects some key macro variables, namely, market sector gross value added (MGVA), business investment, capital and …