investment and firm's growth. Moreover, the leverage multiplier effect is the highest for firms relying on short-term credits and …In this paper we describe a theoretical model of optimal investment of various types of financially constrained firms …. We show that the resulting relationship between internal funds and investment is non-monotonic. In particular, the …

invest” and would help improve productivity growth. In Canada, policy experts have generally advocated shifting the tax mix …

have a significantly higher investment-cash flow sensitivity than comparable private firms. These differences in investment … agency-based explanation, since differences in investment-cash flow sensitivities can only be observed for the unexpected …. Our study adds a new aspect to the ongoing debate on the effect of a stock market listing on a firm's investment decisions …

We study the effects of uncertainty on corporate leverage adjustments with respect to investment spikes and find that … overlevered and underlevered firms behave very differently in response to the combination of uncertainty and investment spikes …

This study examined the impact of leverage on investment of Pakistani manufacturing firms listed on Karachi Stock … Exchange. To explain the relationship between leverage and investment we get data from the annual reports of manufacturing … is negative relationship between leverage and investment. When leverage increase investment will decrease and vice versa …

pay back debt. In the long run, the allocation of undistributed cash to investment, retained earnings, and debt repayment … predicts growth and the likelihood of bankruptcy. …

towards the firm's investment and financing decisions and towards the decisions of shareholders to realize their shares. …