investment of small entrepreneurial and larger managerial firms in different financial regimes that are largely in line with …

&D investment relative to assets-in-place that support existing products; (2) carry more cash; and (3) maintain less net debt. We …

The interaction between product market competition, R&D investment, and the financing choices of R&D-intensive firms on …&D investment relative to assets in place that support existing products; (2) carry more cash; and (3) maintain less net debt. Using …

This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into … independence matters for both investment and financial decisions. Investment increases under an Independent Regulatory Agency (IRA … privately controlled. Finally political orientation does matter, as firm investment increases under more conservative (pro …

as a response to previous physical capital investment with an ultimate goal of inducing higher rates. Theoretical models …) and gross investment (INV) in physical capital. The evidence accruing from a dynamic panel data estimation indicates an … with the notion that the size of the firmś investment project can impose a restriction on the amount of new debt. The …

increasing investments in intangibles. Additional tests suggest that firms fund these financing and investment activities by …

larger and more mature firms, for firms with better investment opportunities, with higher leverage ratios, and with lower … levels of current cash flows. We also show that during the recent financial crisis especially firms with valuable investment …

is related to investment performance. We exploit Statement of Cash Flows data from Compustat to decompose firms' cash …. We show that although investment is normally sensitive to externally generated cash, the increased sensitivity of … investment to cash during the Great Recession is driven by cash from internal sources. Smaller firms were also more affected by …