credit ratings channel. Specifically, we find that firms reduce their investment and reliance on credit markets due to a …

Investment arbitrations should not happen too often, because they are costly processes for both parties. Yet they … regularly happen. Why? We investigate the hypothesis that investment arbitrations are used as a means of last resort, after …. Investment arbitration should thus tend to target countries in which certain types of political risk has materialized. In order …

This paper presents a model that measures the impact of political risk on portfolio investment when the political risks …

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 …

We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …

highlights future investment and financing challenges, especially for road transport. The methodology piloted in this study can …