How do firms vary their capital investment and financing policies in response to business cycle fluctuations within … aggregate business cycle, we find that firm-level capital investment and debt issuance are procyclical, whereas net equity …-level financing policies and aggregate business cycle documented in previous studies. We show that extending the standard dynamic …

We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …

debt is strongly negatively correlated with corporate debt and investment, but strongly positively correlated with … strategy influences firms' capital structures and investment policies …

information about future investment opportunities. I examine whether this feature of alliances hinders the market's ability to … correctly assess the investment opportunities of firms in alliances. Supporting this prediction, more connected firms in a … network of alliances have a lower sensitivity of investment to stock price. Several alternative channels related to firm size …

There are noticeable differences between the roles that various forms of credit financing play in family businesses and … these differences in financing choices? Do family businesses tend to use shorter-term, more expensive sources of financing … econometric approach to these issues is to study the financing behaviour and creditworthiness. For both of these aspects, we …

What is the interaction between competition, R&D investments, and the financing choices of R&D-intensive firms …&D investment relative to assets-in-place that support existing products; (2) carry more cash; and (3) maintain less net debt. We …

capital to units with better investment opportunities, state groups do the opposite, especially when part of the “national … discipline state groups' tendency to ignore investment opportunities. We trace capital allocation decisions to the objectives of …

capital to units with better investment opportunities, state groups do the opposite, especially when part of the “national … discipline state groups' tendency to ignore investment opportunities. We trace capital allocation decisions to the objectives of …

The interaction between product market competition, R&D investment, and the financing choices of R&D-intensive firms on …&D investment relative to assets in place that support existing products; (2) carry more cash; and (3) maintain less net debt. Using …

This paper investigates the impact of firm leverage on its investment activities. Especially, the research is conducted … between corporate leverage and investment. Regarding methodology, we build the two main types of econometric models … hierarchy on firm investment that the traditional regression model may fail to achieve. We construct three-level predictors …