This paper examines the propensity of firms to comove in investment decisions. Although stock return comovement and herding among investors received considerable attention in existing work, little is known about correlated investment behavior of firms. After controlling for the similarity of...

This paper examines the role of corporate balance sheet positions in determining Slovenian firms' investment behaviour. The analysis is based on the theoretical framework of the financial accelerator which suggests that firms' financial positions influence their real behaviour. The underlying...

This paper provides a different perspective on the firm-level empirical analysis of the relation between foreign ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a sample of 4672 Belgian firms observed between 2003 and...

This paper provides an alternative perspective on the firm-level empirical analysis of the relation between foreign ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a sample of 4,672 Belgian firms for the period 2003 -...

In den 90er Jahren kam es zu einem weltweiten Boom bei den Direktinvestitionen. Im Gegensatz zu vergleichbaren Entwicklungen in den 80er Jahren haben auch eine Reihe von Entwicklungsländern in erheblichem Umfang Direktinvestitionskapital empfangen. Diese breitere Streuung hat auch...