This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global … experienced a sharper decline in investment activity following the onset of the crisis compared to firms with more conservative …

' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our …

This paper provides new evidence on the relationship between internal capital markets and corporate investment by … exploiting an exogenous event and an unique empirical setting. We do so by comparing the investment behavior of Korean business … than non-chaebol firms in the control group in the aftermath of the crisis. This difference in investment behavior does not …

Asian financial crisis, and the consequences of this capital reallocation for investment and performance of chaebol firms …-firm equity investments. This capital reallocation allowed chaebol firms with greater investment opportunities to invest … significantly more than control firms in the aftermath of the crisis. Chaebol firms with greater investment opportunities also …

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 …

This paper analyzes whether the financial distress of a firm affects the investment decisions of non … the industry and hence restricting credit access and investment. These average negative effects continue to hold in the …

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 …

report. In “It's Alive! Corporate Cash and Business Investment,” author Finn Poschmann points out that corporate cash … holdings, as a share of output, have not grown since 2010 and that, contrary to popular opinion, business sector investment …

significant variation in the cross-section of stock returns of large banks across the world during that period. We use this …