Germany, Spain, and Italy using a credit risk indicator based on nonfinancial corporate bond yields and annual loan growth for …-performing loans data since Italy was the most affected by malinvestment among the countries in question. As a result, this paper …This study argues that increasing malinvestment in an economy raises the actual credit risk but not the calculated …

euro-area countries (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing … einzelwirtschaftlichen Investitionsverhaltens in den vier größten Ländern des Euro-Währungsraums (Deutschland, Frankreich, Italien und … sensitive to cash flow movements. However, only in Italy do smaller firms react more to cash flow movements than large firms …

euro-area countries (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing … sensitive to cash flow movements. However, only in Italy do smaller firms react more to cash flow movements than large firms …