In this paper we use balance-sheet data and information on bankruptcy to study the relationship between investment …-2011, which also allows us to study the impact of the 2008 crisis on Czech companies. Using investment-cash flow sensitivity to … significant impact on the investment rate. By taking a closer look at individual subsamples we reveal that the existence of …

favorable loan package; that it is associated with over-investment even when investment does not create collateral; and that low …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

more favourable loan package; that it is associated with over-investment even when investment does not create collateral …

capital. The marginal product of capital is measured as the ratio of the long-run growth of GDP to a country's investment … most important variables. The data also suggest constant returns to capital, so investment matters for long-run growth. …

We examine firms' simultaneous choice of investment, debt financing and liquidity in a large sample of US corporates … affect the corporate decisions of unconstrained firms more strongly than those of constrained firms. Investment-cash flow … sensitivities are particularly intense for unconstrained firms with high hedging needs. Investment opportunities (as proxied by Q …

A recently much debated issue is why observed investment and growth rates inpoor countries are lower than traditional … investment rates is notmonotonic but follows a hump-shaped pattern. The empirical evidence shows thatalthough very poor economies … have very low investment rates there are'intermediately' developed economies that exhibit extremely high investmentrates …