The empirical identification of non-linearities in investment relies on how investment is assumed to be separated into … investment which allows us to observe regime separation, an aspect of the data that is typically absent from previous empirical … concentrating investment in a single year. Moreover, there is evidence that investment is more sensitive to fundamentals in the high …

The paper explores the investment behaviour of German firms in the context of the Q-approach, which plays a dominant … role in empirical investment research. The analysis is based on the Deutsche Bundesbank's corporate balance sheet … the majority in Germany. One of the key variables when using balance sheet data, which has attracted much detailed …

investment opportunities drive the cross-sectional variation in the post-liberalization investment increases …

investment opportunities drive the cross-sectional variation in the post-liberalization investment increases …