macroeconomic set-up both of whom can lend for working capital and investment finance purposes. Our analysis reveals that the … market share in both investment finance and working capital lending. Also, greater corporate access to bond financing raises … investment, output and the bond rate of interest. …

macroeconomic set-up both of whom can lend for working capital and investment finance purposes. Our analysis reveals that the … market share in both investment finance and working capital lending. Also, greater corporate access to bond financing raises … investment, output and the bond rate of interest …

cash and its equivalents even in the presence of potential investment opportunities. This suggests that establishing a …

The paper investigates whether the effects of monetary policy on firm investment can be transmitted through leverage …. The findings indicate that monetary contractions reduce investment for highly leveraged firms. The estimates imply that a … 1percentage point increase in leverage reduces investment by 0.109 percent through leverage. Robustness tests broadly …