considered here may affect the sensitiveness of investment to cash flow. Large firms, stock market listed firms as well as firms …

The importance of credit market imperfections for investment behavior is analyzed using Swedish firm level data …. Adjustment and agency costs are included in the neoclassical theory of optimal financial and investment decisions for firms. In …

The paper develops a model of firm´s investment under uncertainty with financial market imperfections and analyzes the … effects of financial constraints on firm´s investment. Firm´s investment is an increasing function of the firm´s marginal q …, however the investment function is characterized by an upper bound that depends on the firm´s borrowing capabilities. The firm …

The paper develops a model of firm's investment under uncertainty with financial market imperfections and analyzes the … effects of financial constraints on firm's investment. Firm's investment is an increasing function of the firm's marginal q …, however the investment function is characterized by an upper bound that depends on the firm's borrowing capabilities. The firm …

generates novel implications for the impact of renegotiable debt on covenant and investment policies …

firms. Our model shows that when the demand shock has higher volatility, the firm finances the investment cost with high …We develop a model to examine the timing of investment decisions in relation to the issuance of convertible debt by … tend to defer investments. Furthermore, we examine the investment decisions in which the convertible debt includes a call …

investment policies of newly founded firms. Thereby, the analysis adds important new insights on a crucial segment of the economy … financial crisis. Our panel data analysis shows that the global financial crisis imposed a shock (mostly demand-driven) on the …

factors (mainly, cash flows and other controlling variables) on corporate investment. By employing system-GMM estimation for … borrowing activities but also results in more corporate investment activities over the period from 2006 to 2016. Noticeably, the … internal cash flow is also significant factor, which enhances the activities of corporate investment. Finally, there are …