exhibit high and significant investment-cash flow sensitivities. Our findings provide a new explanation for why some …

that if the firm is unable to price discriminate between the segments, then there is less investment in quality. We find …

decide not to invest. When investment occurs, the vertically integrated firm may be induced to give access to the entrant for … a low access price for the old technology. Furthermore, when both firms can invest, investment occurs under a larger set …

structures. The investment return in terms of demand increase is uncertain. We compare the impact of different access regulation … regimes – full regulation, partial regulation (only the copper network is regulated), risk sharing – on investment incentives …

affects the quality of the firm’s investment decisions. A larger leverage gap (i.e., a bigger difference between these two … ratios) leads to more investment distortions. Managers with more debt-like compensation components tend to under …-invest, whereas managers with larger equity-based compensation engage more in over-investment. Furthermore, investment distortion is …

variables pass known thresholds. We find that delisting results in a modest decline in investment and cash saving and an …

To tackle the financial and economic crisis, the EU and its Member States are trying to stimulate investment in … through the Structural Funds, the European Investment Bank or TEN-T instruments can mobilize financing solutions for PPP …