firm investments, proxied by total, short- and long-term investment. The results remain robust when we control for the … shift their investment from long- to short-term investment, given their unaffected credit ratings after undesirable … sovereign rating events. Conversely, firms’ investment is unaltered by the sovereign upgrades. Our findings also confirm that …

investment. Combining Italian aggregate and firm-level data, we show that firms reduced their investment and reallocated … assets can be used as collateral while intangibles cannot, thus reallocating resources towards tangible investment to offset …

credit ratings channel. Specifically, we find that firms reduce their investment and reliance on credit markets due to a …

highlights future investment and financing challenges, especially for road transport. The methodology piloted in this study can …

lender distress affected firm-level investment outcomes after the crisis. In specifications that compare firms in the same …

corporate investment. We show that in a sample of publicly listed firms in 10 advanced and emerging markets economies during the … period 1990–2013, bank systemic risk is positively associated with the corporate investment, after controlling for a large … corporate investment varies, depending on firm size and growth opportunities …