Firm-level investment paths are commonly characterised by periods of low or zero investment punctuated by large … investment ‘spikes’. We document that such spikes are important for understanding firm and aggregate level investment in the UK …. We show that annual variation in aggregate investment is driven by variation in the number of firms undertaking investment …

We analyse the developments of investment and investment financing in Italy since 1995, based on data from national … accounts and the flow of funds. The exceptional fall in investment after the global financial crisis in 2007 concerned all … intangible investment instead weathered the double recession better. Focusing on investment financing, the eruption of the crisis …

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 …

firm investments, proxied by total, short- and long-term investment. The results remain robust when we control for the … shift their investment from long- to short-term investment, given their unaffected credit ratings after undesirable … sovereign rating events. Conversely, firms’ investment is unaltered by the sovereign upgrades. Our findings also confirm that …

Recent literature has shown that corporate indebtedness affects firm-level investment behavior but not necessarily … substitute depressed investment by their financially constrained competitors. The increase in investment, primarily driven by … equilibrium effects are unambiguously countercyclical because the increase in investment by unconstrained firms does not crowd out …

investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …

accumulation. This process is characterized by a gradually rising investment rate along with a moderate rate of return to capital … declining investment rate with an extremely high return to capital. We show that minor modifications of the neoclassical model …

This paper investigates the possible role of asset tangibility on corporate's investment decision. As Almeida and … financial intermediaries, reduce financial restriction, and thus allow further investment. For this reason, we analyze corporate … investment behavior in Korea by estimating firm's investment function incorporating asset tangibility, based on the endogenous …

’s investment decision. To satisfy the purpose, we highlight the differences of corporate investment behaviors between the 1990s and … model using firmlevel panel data from 1994 to 2009 in Korea. According to the empirical results, the corporate investment … tangibility played a more important role on the decision of a firm’s investment after 2000. In addition, the firm size effect on …

There have been rising concerns about the sluggish recovery of domestic corporate investment. As one of the factors in … the national account, corporate investment affects the current economic status by creating jobs, increasing income, and … the government, and one of the major policy objectives was to promote Korean corporate investment. However, most economic …