measures of liquidity on the investment decisions of U. K. firms. These variables are introduced via an extension of the Q … model of investment which explicitly includes agency/financial distress costs. We discuss if the significance of cash flow …

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 …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

Has financial liberalization improved the efficiency with which investment funds are allocated to competing uses? In … index of the efficiency of investment allocation that measures whether, and to which extent, investment funds are going to … investment funds are allocated. This conclusion holds after a series of robustness checks and is consistent with firm level …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

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 ... …