whether investment-cash flow sensitivity reflects financial constraints. Recent US studies have raised questions on the … prediction that investment-cash flow sensitivity is a measure of financial constraints. Looking at thirty-five countries with … varying degrees of financial development, this study tests whether investment-cash flow sensitivity is in fact related to …

monetary policy transmission mechanism to confirm whether the monetary policy affect corporate investment or not. Unbalanced …

English Abstract: In this paper, we examine how CEO overconfidence affects R&D investment in Korea. Using a sample of …&D investment for total firms. However, an interesting picture emerges when we limit our attention to Chaebol firms. In contrast to … the finding shown in total sample, overconfident CEOs significantly increase R&D investment among Chaebol firms. This …

process for investment-specific technology in the Real-Business-Cycle (RBC) model. Using a structural VAR approach, this paper … finds that a significant fraction of the real price of equipment is accounted for by other shocks besides investment … driving process of investment-specific technology might overstate the contribution of I-shocks to economic fluctuations …

English Abstract: According to the production smoothing hypothesis of inventory investment, firms hold inventories to … examine the determinants of inventory investment, we conducted a micro-dynamic analysis using the micro-level corporate panel … investment dynamics on the business cycle …

가져오는 양( )의 투자고유충격(investment- specific technology shocks; 이하 IST충격)이 근로자의 근로유형별 임금 및 고용의 격차(비율)에 어떤 영향을 미치는지 중점적으로 분석하였다 …English Abstract: This paper aims to assess the effect of investment-specific technology shocks(IST shocks) on the gap …