investment; the impact of uncertainty on investment occurs primarily through changes in credit spreads; and innovations in credit … spreads have a strong effect on investment, irrespective of the level of uncertainty. These findings raise a question … financial shocks. By influencing the effective supply of credit, both types of shocks exert a powerful effect on investment and …

We study the drivers of investment in Italy during the global financial crisis and the sovereign debt crisis. We focus … investment rate of 1.9 and 1.4 percentage points (36 and 41 per cent of its mean) during each crisis. We also find that expected …. Overall, ex-ante high firm indebtedness has been an important driver of the lower investment rate over the last decade …

The aim of this paper is to investigate the effect of economic policy uncertainty on firms' investment decisions. We … (EPU) indicator available for this country. We find strong evidence that uncertainty reduces corporate investment. This …-related uncertainty reduces corporate investment through increases in precautionary savings or to worsening of credit conditions. …

We investigate the firm level investment responses to narrative shocks to average personal and corporate tax rates …

stocks for the entire Compustat universe, as well as an array of estimates of investment flows, economic depreciation rates …, and capital and investment price deflators. The firm-level current-cost investment rate distribution is heavily right …-skewed, with a small fraction of negative investment rates, 5.51%, but a huge fraction of positive investment rates, 91 …

general model of economic profitability for investment decision-making. Specifically, TRM's assumptions are relaxed and a … decomposed into financing NPV and investment NPV. The approach allows for any pattern of financing rates, investment rates, and …

I study how access to foreign skilled workers affects corporate investment. Restrictions on high-skilled immigration … may induce firms to lower investment due to complementarity between skill and capital, and also to delay investment due to … leads to longer hiring delays, and for firms with the slack financial resources to otherwise pursue investment opportunities …

This study is undertaken to determine the relative impacts of the uncertainty of macroeconomic variables on investment … revealed the following: (1) existence of long run relationship between some of the macroeconomic variables and investment, (2 … uncertainty of most of the macroeconomic variables impact negatively on investment in Nigeria. The study recommends the use of …

level investment sensitivity to cash flow is used to identify financing constraints. We find that the sensitivities are … importantly, the cash flow sensitivity of investment is lower in countries with better-developed financial markets. This suggests …

Growing spatial inequality has led policymakers to enact tax breaks to attract corporate investment and jobs to … balance sheets with a registry containing investment by plant location and asset type, we find the policy generated big gains … in employment and investment in building construction and in machines at pre-existing production sites, with an implied …