. Adjustment and agency costs are included in the neoclassical theory of optimal financial and investment decisions for firms. In …The importance of credit market imperfections for investment behavior is analyzed using Swedish firm level data … the light of the theory of imperfect information. The econometric results indicate that investments are a¤ected by both …

Firm-level investment paths are commonly characterised by periods of low or zero investment punctuated by large … investment ‘spikes’. We document that such spikes are important for understanding firm and aggregate level investment in the UK …. We show that annual variation in aggregate investment is driven by variation in the number of firms undertaking investment …

This paper analyzes whether the financial distress of a firm affects the investment decisions of non … the industry and hence restricting credit access and investment. These average negative effects continue to hold in the …

business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … control group, we address the question if and to what extent these investment tax incentives boosted investment. In line with … were cut back in 1997. Moreover, there was a significant reduction in building investment in the year after the expiration …

The recovery of private investment in Italy has lagged its euro area peers over the past decade. This paper examines … capacity to invest. Empirical analysis provides evidence for the impact of wages on investment at the sectoral and firm levels …. Sectoral wage growth seems unrelated to sectoral productivity growth, but is negatively associated with investment. Firm …

The transition of the steel sector to carbon neutrality requires significant investment. In this study, we aim to … better understand the scale of investment required for a transition to hydrogen-based steelmaking and the ability of listed … steelmakers to finance this investment. First, we analyze how capital expenditures are estimated in the academic literature and …