corporate investment. Industry-level regressions show that high levels of government debt are particularly damaging for … sensitivity of corporate investment to cash flow. These results indicate that the relationship between public debt and investment … is likely to be causal and that public debt crowds out corporate investment by tightening credit constraints. …

Empirical studies on the link between green investment and other business investment at the firm level either focus on … innovation specific types of investment or fail to consider the simultaneity of investment decisions. The analysis to be … presented here offers a broad focus on different types of environmental protection investment and explicitly considers …

undertaking a real investment with long term, risky, and taxable payoff. We also find U.S. firms reduce their R&D intensity by … investment opportunities. Evidently, financial slack at an undervalued firm does not necessarily alleviate the underinvestment …

The main objective of the present paper is to estimate the extent to which firm investment is substituted (crowded …-out) by investment support policies granted under the EU Rural Development Programme (RDP). In the empirical analyses we …

We investigate the role of financialization in the decline of investment for U.S. non-financial firms from 1992 - 2017 … to divert resources from real investment to share repurchases to increase stock prices. Using micro-data from U.S. firms … repurchases on capital investment; (ii) to examine the interaction between stock-based CEO pay and the likelihood of share …