investment or disinvestment and/or mergers and acquisitions (M&As). We show theoretically how the choice of adjustment strategy …

Due to adjustment costs, firms' only partially adjust toward desired investment levels. By exploiting unique survey …, firms with either minor investment targets, a large fraction of desired replacement investments or low asset irreversibility … adjust within shorter time compared to firms with major investment plans, capacity expansion targets or high asset …

We study the simultaneous choice of investment, debt financing and liquidity for a large sample of US corporates … decisions, our joint estimation approach shows that cash flow sensitivities of investment, net debt issuance and cash holdings … improving investment opportunities, constrained firms drive up their cash stocks to preserve financial flexibility. Even though …

investment equation splitting up the sample between exporters and non-exporters. Using three alternative econometric models … literature, exporting firms are the ones facing larger financial constraints on investment. We propose an explanation for this …, particularly in Argentina, which triggers a profit squeeze phenomenon for exportable firms, reducing their investment capacity. …

corporate net lending determinants. We disentangle the effects of the profit share on corporate saving and investment and …

Credit constraints are more frequent among growth companies with large investment opportunities. For the same reason … investment opportunities to a larger extent. (ii) Taxes which are neutral in a neoclassical world, still restrict expansion … investment of constrained firms by reducing free cash-flow and thereby discourage innovation. (iii) A revenue neutral increase in …