The aim of this paper is to investigate the issue of R&D investment and the market value of the firm. This idea dating … R&D investment). In the theoretical section of this paper we are describing Tobin's original model, and Abel's (1984 …-section time series model (Feasible Generalized Least Squares Model), for a panel of countries in Europe including UK and Turkey …

behavior. In particular, we ask whether and how strongly investment decisions of firms respond to stringency in environmental … estimate the differential impact of environmental stringency on four types of investment: gross investment in tangible goods …, in new buildings, in machinery, and in `productive' investment (investment in tangible goods minus investment in …

conditions as well as for a stylized European network setting. The results indicate that there is a potential for investment …

positions of firms have affected firms' investment decisions, especially during the recent crisis. Our results confirm the … relevance of leverage for investment, in addition to other common determinants, such as cash flow or sales growth. In particular …, we find evidence that higher levels of indebtedness act as a drag on investment. We investigate cash holding policies and …

performance on financial performance. Our estimation results can be explained by the high number of confounding financial effects …