level investment sensitivity to cash flow is used to identify financing constraints. We find that the sensitivities are … importantly, the cash flow sensitivity of investment is lower in countries with better-developed financial markets. This suggests …

, and the company’s life cycle was modeled by the Dickinson cash flow model. Transport companies in Europe in the pre …

We contribute to the financial constraints literature and the investment-cash flow sensitivity debate by defining a new …-level employment growth as a control for investment opportunities, we find that constrained firms display the highest investment …

a model featuring endogenous firm productivity growth through innovation investment and size-dependent financial …

frameworks to study investment pathways consistent with a net zero industry transformation. We find that a mix of measures … investment efforts needed for a green transition of the analyzed sectors1 amount to EUR2.7trn until 2050 of which 8% or EUR210bn … reduction for the European industrial sector is estimated at 265 MtCO2 (-92%), which yields an average abatement investment of …

We use a unique dataset to show how firms in Europe used credit lines during the financial crisis. We find that firms … with restricted access to credit (small, private, non-investment grade, and unprofitable) draw more funds from their credit … lines during the crisis than their large, public, investment-grade, profitable counterparts. Interest spreads increased …

In this paper we estimate the effects of financialization on physical investment in selected western European countries …) and financial incomes on investment in fixed assets by the NFCs. This finding is robust for both the pool of all Western … companies' size: financial incomes crowd-out investment in large companies, and have a positive effect on the investment of only …