also developed a summary index of the efficiency of investment allocation that measures whether, and to what extent …, investment funds are going to firms with a higher marginal return to capital. Then it was examined the relationship between this … has led to an increase in the efficiency with which investment funds are allocated. …

assess the severity of financing constraints, by focusing on firms investment choices. All the papers (but one) were part of … country risk. Moreover, firms that have foreign participation appear to be less financially constrained in their investment …

distribution of investment rates. We then present two pieces of econometric evidence on these issues. First, we estimate a discrete … hazard model to determine the probability of having an episode of high investment, conditional on the length of the interval … from the last high investment episode and we discuss what the empirical results suggest about the shape of the adjustment …

This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. In particular, we … investigate how different types of fiscal policy affect profits and , as a result, investment. We find a sizable negative effect … of public spending -- and in particular of its public wage component -- on business investment. This result is consistent …

the efficient allocation of investment. In this paper we use a signal extraction framework to give empirical content to …-sectional distribution of investment widens. We then explore this hypothesis using panel data information for UK companies over twenty years …. Our data generally support the view that monetary instability may affect investment allocation through its effect on the …

investment for most EU member countries. Robustness tests show that this result holds up in the presence of both policy … strong impact on investment and labor markets. Copyright Kluwer Academic Publishers 2001 …

banking development reduces the cash flow sensitivity of fixed investment spending, particularly for small firms, and that it …

in short-term dept and a steeper fall in both sales and inventory. Finally, inventory and fixed investment equations are … estimated in an ECM form. Consistently with our expectations, we find that both inventory and fixed investment decisions by …

efficiency with which investment funds are allocated. A summary index of the efficiency of investment allocation that measures … whether investment funds are going to firms with a higher marginal return to capital is developed. We examine the relationship … investment funds are allocated. This holds after various robustness checks and is consistent with firm level evidence that a …

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