The purpose of this paper is to investigate the possible role of asset tangibility (mainly collateral) on corporate’s investment decision. To satisfy the purpose, we highlight the differences of corporate investment behaviors between the 1990s and the 2000s considering its financial phase. The...

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....