In this paper, we investigate the damage to real-sector investment spending and corporate financing activities … triggered by the failure of three major investment banks during the 2007-09 financial crisis. We find that firms characterized … by pre-crisis corporate investment banking relationships with troubled investment banks exhibit significantly lower post …

We survey recent microeconometric research on investment and employment that has used panel data on individual firms or … theory of the demand for capital and labour, on which most of the econometric models of investment and employment that we … of adjustment, which have played a prominent role especially in the microeconometric literature on investment. With …

probability to negotiate a cost plus contract, where the buyer agrees to pay the seller's cost of production, increases with the …

information about future investment opportunities. I examine whether this feature of alliances hinders the market's ability to … correctly assess the investment opportunities of firms in alliances. Supporting this prediction, more connected firms in a … network of alliances have a lower sensitivity of investment to stock price. Several alternative channels related to firm size …

Based on data from a comprehensive benchmarking study on buyer-supplier relationships in the German automotive industry … only when the buyer has the bargaining power. This ability disappears when the bargaining power resides with the supplier(s) …, we show that more trust in a relationship is associated with higher idiosyncratic investment by suppliers and better part …