We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a … large panel of small and medium-sized enterprises from 12 European countries for the period 2014-2016. The data come from …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We …

We study whether, how, and why the investment of a firm depends on the investment of other firms in the same product … complementarity of investment among product market peers, holding across a large majority of sectors. Peer effects are stronger in … information. Product market peer effects in investment could amplify shocks in production networks …

This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax … changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can … study how tax hikes induce firms to revise their investment decisions. On average, the share of firms that invest less than …