corporate investment. We document that in a sample of publicly listed firms in the United States over the period 1991-2013, bank … risk on corporate investment, suggesting that more financially constrained firms experience a larger effect of bank …In this paper, we use three measures that arguably capture two dimensions of “bank systemic risk”, namely, (1) bank …

Japanese banking crisis. By leveraging a unique dataset merging firm-level financial statements and bank balance sheets, the … high-productivity firms for investment and productivity enhancement, the latter suggests credit misallocation towards … exhibit a significant investment boost despite receiving more loans. However, these high-productivity firms displayed positive …

on nominal wage rigidities at the firm level. I trace out the long-run investment and growth trajectories of firms which … investment gap for two years following the shock, resulting in a persistent accumulated growth gap. I show that affected firms … with a higher degree of wage rigidity exhibit a steeper drop in investment and grow more slowly than affected firms with …

trace out firms' investment and growth trajectories in response to a credit supply shock. Financially shocked firms exhibit … a temporary investment gap for two years, resulting in a persistent accumulated growth gap six years after the crisis …. Shocked firms with rigid wages exhibit a significantly steeper drop in investment and an additional long-run growth gap …

flow sensitivity of investment and cash holdings rises as bank health deteriorates. Moreover, the impact of non …The purpose of this study is to investigate how firms responded to the deterioration of bank health during the … financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in …

same time, the positive impact of a marginal increase in debt on investment efficiency disappears if firm debt is already … and banks and investment efficiency. …

, the positive impact of a marginal increase in debt on investment efficiency disappears if firm debt is already excessive … banks and investment efficiency. …