gekennzeichnet sind. Er zeigt, dass unternehmerische Fehlanreize bei der Investition durch geeignet ausgestaltete …

This paper examines the sensitivity of investment to cash flow in declining economic conditions, focusing on the impact …, the study utilizes the standard Q theory of investment augmented by cash flow, leverage, and liquidity. Then, it allows … credit. Using alternative estimation specifications, the findings indicate that firms' investments decreased significantly in …

the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal …The transmission channels through which monetary policy affects business investment remain opaque. This paper examines … measure of creditworthiness, we find that credit constraints are important for a subset of firms. Sortings by firm size or …

the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal …The transmission channels through which monetary policy affects business investment remain opaque. This paper examines … measure of creditworthiness, we find that credit constraints are important for a subset of firms. Sortings by firm size or …

the importance of the interest rate and credit channels on business fixed investment in Germany. We have at our disposal …The transmission channels through which monetary policy affects business investment remain opaque. This paper examines … measure of creditworthiness, we find that credit constraints are important for a subset of firms. Sortings by firm size or …