Many firms cite financial constraints as some of the most important impediments to their investment and growth. Using a …

A large discrepancy exists on the use of the investment–cash flow sensitivity as a measure of financing constraints of … shows a positive investment-cash flow sensitivity for business group affiliated firms and negative investment cash flow … sensitivity for non-group affiliated firms. Additional tests accordingly express that investment-cash flow sensitivity of …

We contribute to the financial constraints literature and the investment-cash flow sensitivity debate by defining a new …-level employment growth as a control for investment opportunities, we find that constrained firms display the highest investment …

This paper investigates the link between corporate debt and investment for a group of five peripheral euro area … countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive … thresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt …

This paper addresses whether adopting good governance standards alleviates constraints on financing investment via … governance has a positive and significant impact on fixed investment. However, my findings indicate that for oligarch-owned firms … their governance might have a more significant effect on their fixed investment. Secondly, the absence of investment …

We develop a simple model of investment in business groups subject to moral hazard. Our model suggests that …