This paper examines the effect of the global financial crisis on corporate investment in Korea. Specifically, the … crisis was considered to have possibly constrained firm-level investment as the negative shock to the credit supply …, larger cash holdings before the crisis will lead to fewer constraints to corporate investment, or vice versa. In order to …

Using Swedish bank lending data, investment data and accounting data, I examine how the financial crisis affected … corporate investment through its effect on credit availability. Sensitivity to a credit supply shock is measured as credit … reserves, defined as unused credit on lines of credit. I find that firms with low credit reserves reduced investment …

emerging markets. The paper measures the risk of short-term exposure by estimating, at the firm level, the effect on investment … not find that this reduction in net worth translates into a drop in investment. -- maturity mismatch ; investment …

explore corporate data to investigate how economic uncertainty affected investment, dividend payouts and cash holdings, based … of England. These data demonstrate that heightened economic uncertainty lowered investment even after controlling for … investment opportunities, sales growth, and the firm's own stock volatility. Economic uncertainty also explains the rise in cash …

outside the U.S. due to a greater decline of intangible investment and a much slower recovery. Tangible capital can be … investment relies on firms’ liquidity holdings that were drawn down in the crisis and can only be rebuilt gradually through … retained profits. We provide a unified account of the findings through a dynamic model of corporate investment and liquidity …

. We measure the risk of maturity mismatch by estimating, at the firm level, the effect on investment of the interaction of … a drop in investment or sales …

There have been rising concerns about the sluggish recovery of domestic corporate investment. As one of the factors in … the national account, corporate investment affects the current economic status by creating jobs, increasing income, and … the government, and one of the major policy objectives was to promote Korean corporate investment. However, most economic …

on nominal wage rigidities at the firm level. I trace out the long-run investment and growth trajectories of firms which … investment gap for two years following the shock, resulting in a persistent accumulated growth gap. I show that affected firms … with a higher degree of wage rigidity exhibit a steeper drop in investment and grow more slowly than affected firms with …

We study the drivers of investment in Italy during the global financial crisis and the sovereign debt crisis. We focus … investment rate of 1.9 and 1.4 percentage points (36 and 41 per cent of its mean) during each crisis. We also find that expected …. Overall, ex-ante high firm indebtedness has been an important driver of the lower investment rate over the last decade …

corporate investment. We document that in a sample of publicly listed firms in the United States over the period 1991-2013, bank … systemic risk is positively associated with the firm-level investment ratio after controlling for a large set of country … risk on corporate investment, suggesting that more financially constrained firms experience a larger effect of bank …