?s Investment Tests (IT) during the years 1988-1998, we create a panel with information on investment, innovation activity and … financing conditions. Financial constraints affect the distribution of investment over time in a fundamental way. Following a … on Schworm?s (1980) model of optimal investment under financial constraints, we use it to test the empirical content of …

investment from 1990 to 1999 through the cost-of-capital and the cash-flow channels. We compare several specifications of neo …

We investigate the effect of cash flow volatility on investment. Our evidence suggests that financially constrained … firms decrease investment (i) when experiencing persistently high volatility; (ii) when experiencing both high volatility …

considered here may affect the sensitiveness of investment to cash flow. Large firms, stock market listed firms as well as firms …

Argentina during the 1990s. Inspired by Keynes and Minsky, we estimate an investment model that accounts for financial … speculative behaviour which was unconnected to entrepreneurial behaviour based on investment in fixed assets. Over the decade, the …

?s Investment Tests (IT) during the years 1988-1998, we create a panel with information on investment, innovation activity and … financing conditions. Financial constraints affect the distribution of investment over time in a fundamental way. Following a … on Schworm?s (1980) model of optimal investment under financial constraints, we use it to test the empirical content of …

This paper studies the impact of sales uncertainty on firms' investment outlays using the database of the Deutsche … uncertainty on investment. If the uncertainty indicator is increased by one standard deviation, the predicted investment demand …