This paper attempts to test whether financial supply-side shifts explain the low-investment climate of private firms in …

The interpretation of the significant relation between business investment spending andDie Interpretation der …

Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …

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 …

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 …