Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the … time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to … account, but a significant positive relationship between cash flow and investment remains for relatively small firms. In the …

consumer welfare. The model consists of an investment stage with uncertain returns and subsequent quantity competition. The … access price is a function of investment costs and the regulatory regime. A regime with fully distributed costs or a … holiday, respectively. Risk-sharing benefits consumers as it combines relatively high ex-ante investment incentives with …

, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998 - 2007. First, we find …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities … that productivity variations, rather than relative levels, are the dominant productivity-related determinant of firm growth …

This paper empirically examines the effects of discriminatory fees on ATM investment and welfare, and considers the … role of coordination in ATM investment between banks. Our main findings are that foreign fees tend to reduce ATM … when a social planner decides on discriminatory fees and ATM investment to maximize total welfare. This implies that there …

This paper examines the interplay between globalization, product market competition, and corporate investment. We find … that imports and foreign direct investment adversely affect domestic firms' market power, but the effect of imports is more … power is stronger. Internal funds and market power show a complementary effect on corporate investment. Also, the …

We study the dual relationship between market structure and prices and between market structure and investment in …. Furthermore, they also lead to higher investment per mobile operator, though the impact on total investment is not conclusive. Our …

, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998-2007. First, we find …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities … that productivity variations, rather than relative levels, are the dominant productivity-related determinant of firm growth …

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 …

, profitability, investment and growth, based on China's manufacturing firm-level dataset over the period 1998-2007. First, we find …, the profitability-growth relationship is mediated via investment. Firm's contemporaneous and lagged profitabilities … that productivity variations, rather than relative levels, are the dominant productivity-related determinant of firm growth …