In this paper we investigate to what extent firm investment in transition countries is sensitive to internal finance …

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

This study examined the impact of leverage on investment of Pakistani manufacturing firms listed on Karachi Stock … Exchange. To explain the relationship between leverage and investment we get data from the annual reports of manufacturing … is negative relationship between leverage and investment. When leverage increase investment will decrease and vice versa …

quantitatively. Our central insight is that optimal investment is an important driving force of these anomalies. The model … simultaneously reproduces procyclical equity issuance waves, the negative relation between investment and average returns, long …

Purpose: The purpose of this paper is to examine the impact of managerial optimism on corporate investment regarding … often overconfident an effort is made to highlight the effect of this psychological bias on managerial investment decision … – making. Design/methodology/approach: The research methodology is based on the approach that the investment-cash flow …

We test whether firms with a single bank are better shielded from loss of credit and investment cuts in periods of … adverse cash flow shocks than firms with multiple bank relationships. Our estimates of the cash flow sensitivity of investment … shocks. In these periods, firms incur lower cuts in investment expenditures when they can obtain extra credit. In periods of …

In this paper, we analyze the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the uncertainty effect …