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This paper explores the existence and importance of financing constraints for R&D investments in large EU and US manufacturing companies over the 2000-2007 period. The main results obtained by estimating error-correction equations suggest that the sensitivity of R&D investments to cash flow...
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macroeconomic indicators, to provide a better understanding of corporates' investment obstacles. We investigate impediments to … corporate investment across the EU. We use a novel dataset merging firm level data from the European Investment Bank Investment … derived from aggregating qualitative answers on impediments to investment at the country level correlate relatively well with …
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In Romania, the share of firms carrying out investment is amongst the lowest in the European Union. This is despite … on information from two surveys - the EIB Investment Survey and a survey on access to finance conducted by the National … Bank of Romania - to analyse the reasons for this subdued corporate investment activity. It also contributes to the debate …
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We examine the link between corporate financing and investment decisions of European firms by using a novel firm …-level survey of the European Investment Bank (EIBIS). The survey provides rich quantitative information of a wide range of … financing sources and tangible and intangible investment types for a representative sample of EU28 firms in 2016. We provide new …
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