of the US, OFDI has positive long-run effects on domestic investment while in the case of Germany the reverse effect is …This paper examines the impact of outward foreign direct investment (OFDI) on domestic investment by applying co …-integration techniques to macroeconomic time series data for the United Sates and Germany. We show that the two countries differ: In the case …

market is characterised by greater flexibility in wages and work arrangements in comparison to Germany. These institutional … dynamics as investment conditions are similar. Our results are consistent with this hypothesis. Furthermore, there is no …

Previous studies argued that low investment-cash flow sensitivities of German firms may be caused by dominance of … panel data approach show that the dependence of investment spending on internal funds does not significantly differ between … Germany may not explain the rather low dependence of firms on internal funds and public ownership of borrowers seems not …

puzzle. The analysis is based on a large, representative panel data set for Germany, which provides information on asset …

The link between investment and finance usually enters the empirical literature in the form of financial constraints … credit market. In this context, the sensitivity of investment with respect to single internal or external finance indicators … resulting empirical investment function includes the probability of survival as an additional explanatory variable. This …

?s Investment Tests (IT) during the years 1988-1998, we create a panel with information on investment, innovation activity and … financing conditions. Financial constraints affect the distribution of investment over time in a fundamental way. Following a … on Schworm?s (1980) model of optimal investment under financial constraints, we use it to test the empirical content of …