In this paper we estimate the effects of financialization on physical investment in selected western European countries …) and financial incomes on investment in fixed assets by the NFCs. This finding is robust for both the pool of all Western … companies' size: financial incomes crowd-out investment in large companies, and have a positive effect on the investment of only …

This study analyzes the long-term effects of financialization and financial development on investment and growth by …-run effects of these variables. Estimation results show evidence of cointegration among financial globalization, investment, and … negatively correlated with private investment for fixed capital. Meanwhile, results of the panel vector error-correction model …

obstacle to industry's investment decisions, and detrimental to capital accumulation. The econometric analysis conducted …