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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...
Persistent link: https://www.econbiz.de/10011980362
investment behavior originating on the demand side for capital, e.g. at the sector level. We show that the underlying assumption … of homogeneity may indeed lead to misspecification of standard aggregate investment models. Using data from 23 sectors in … estimate the responsiveness of investment to the tax-adjusted user cost of capital. While accounting for the different sources …
Persistent link: https://www.econbiz.de/10012054683
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reach a ‘trigger point’ involving either broad-based investment in further growth, or shrinking back to previous levels. We …
Persistent link: https://www.econbiz.de/10012587844
analysis further identifies sources of financing in these subsectors and discusses future investment and financing challenges …
Persistent link: https://www.econbiz.de/10012180399
We study the relationship between net trade credit and firms' investment levels, focusing on financially distressed …
Persistent link: https://www.econbiz.de/10011820889
associated with better firm performance. Our analysis demonstrates that policy support that aims at stimulating investment only … investment bottlenecks arising from market imperfections, while remaining non-discriminatory with a view at what sort of capital …
Persistent link: https://www.econbiz.de/10012792301
highlights future investment and financing challenges, especially for road transport. The methodology piloted in this study can …
Persistent link: https://www.econbiz.de/10012422659
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