Corporate investment leads job creation and output growth by increasing capital accumulation in the short-run, and also … uncertainty could have a negative effect on the Korean economy by reducing corporate investment. The recent survey conducted by … KIET supports this concern in a sense that Korean firms would plan to postpone their investment decisions until the economy …

This paper examines whether the investment of Korean business group ("chaebol") affiliated firms behaved differently … from that of non-chaebol firms in response to the COVID-19 outbreak. I show that chaebol firms cut back investment to a … investment and values …

economy by testing whether financial development eases firm’s financial restriction for investment. The role of financial …

financially turbulent periods in the 2000s in making investment decisions and in meeting demand for liquidity. A rise in … uncertainty regarding the ability to obtain external funds may have induced firms to rely on internal funds to finance investment … activities. Therefore, we shed light on the cash flow sensitivity of investment and cash holdings by estimating firm- level …

This paper investigates the relationship between a firm's investment decision and its financial situation. We present a … model of investment, where the cost of external finance is increasing in the debt ratio. The model is estimated using a …

investment or disinvestment and/or mergers and acquisitions (M&As). We show theoretically how the choice of adjustment strategy …

their investment decisions. Moreover, financial con-straints become more severe in times of restrictive monetary policy. …