This paper investigates the possible role of asset tangibility on corporate's investment decision. As Almeida and … financial intermediaries, reduce financial restriction, and thus allow further investment. For this reason, we analyze corporate … investment behavior in Korea by estimating firm's investment function incorporating asset tangibility, based on the endogenous …

In this paper, we analyze the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the uncertainty effect …