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 thus stimulating consumption. Also, it affects potential...

Corporate investment leads job creation and output growth by increasing capital accumulation in the short-run, and also acts as a crucial element for sustainable economic growth in the long run. However, the external economic environment that Korea faces is currently not so bright. The U.S....

In this paper, we investigate the classical economic topic about the relationship between financial sector and the real economy by testing whether financial development eases firm’s financial restriction for investment. The role of financial development on the real economy is a controversial...