How do firms finance their investment? To what extent does the financing mix depends on the nature or the size of … investment? To what extent does the funding mix of investment vary along firm size? Relying on a unique database of firms … picture of the financial resources used by firms to finance their investment.We uncover significant cross …

by Chinese firms. In line with the previous literature, the paper demonstrates that investment by non-state firms is … reliance on internal cash flows to fund investment). The paper also finds that large non-state firms with weak government …-appointed Chief Executive Officers also have significantly lower investment intensities, due perhaps to their lower-powered incentives …

flows to fund investment), and that the sensitivity of investment to internal cash flows is higher for firms that report …

investment rates than large firms, even after controlling for standard empirical proxies of firm real investment opportunities … that firm size improves the measurement of firms' real investment opportunities rather than reflecting differences in firms …' financing frictions. Using simulated method of moments, we estimate a neoclassical model of investment and show that …

This study investigates the key determinants of the size of investment in Russian IT companies during follow-on rounds … hypothesis proposed by the authors (about impact of the number of founders on the investment in subsequent rounds) as well as … hypothesis about the impact of target market growth on the investment size are also rejected. The latter is surprising as the …

, average productivity is not different from small farms and title has no impact on productivity, investment, or credit access …