This paper extends the model of Fielding (1999), which is designed to explain changes in investment in South Africa … the political factors, but these factors do explain some of the variation in investment over time. …

financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in … uncertainty regarding the ability to obtain external funds may have induced firms to rely on internal funds to finance investment … activities. Therefore, we shed light on the cash flow sensitivity of investment and cash holdings by estimating firm- level …

In China, between 2006 and 2013, local public debt crowded out the investment of private firms by tightening their … funding constraints, while leaving state-owned firms' investment unaffected. We establish this result using a purpose …-built dataset for Chinese local public debt. Private firms invest less in cities with more public debt, the reduction in investment …

a country. It is thus important to understand the investment decisions of large firms and how they relate to policy in … terms of building productive capacity in the South African economy. This study assesses the investment decisions and …

go for the investment decision in African CapitalMarket. The policymaker could become more supportive to exports and …

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. …

In China, local public debt issuance between 2006 and 2013 crowded out investment by private manufacturing firms by …-level investment ratio of domestic private manufacturing firms. Instrumental variable regressions indicate that this link is causal …. Second, local public debt has a larger negative effect on investment by private firms in industries more dependent on …

In China, between 2006 and 2013, local public debt crowded out the investment of private firms by tightening their … funding constraints, while leaving state-owned firms' investment unaffected. We establish this result using a purpose …-built dataset for Chinese local public debt. Private firms invest less in cities with more public debt, the reduction in investment …