important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of … changes in the interest rate on macroeconomic investment under the scenarios of certainty and uncertainty. We capture the … direct interest rate-hysteresis effects on investment and the capital stock and, explicitly, stochastic changes of the …

We present a comparable set of results on the monetary transmission channels on firm investment for the four largest … euro-area countries (Germany, France, Italy and Spain). With particularly rich micro datasets for each country containing … credit channel. For each of those countries, we estimate neo-classical investment relationships, explaining investment by its …

-technology firms located in the UK, France, Italy and Spain, 108 of which underwent a buyout between 1997 and 2004. The control sample … financing in buyout transactions, their investment rates are both lower and more sensitive to cash flows. In addition, I analyze … obtain equity financing from PE investors, while investment levels do not seem to be affected after a buyout However …

investment and employment decisions. The results indicate that firms' financial position is important for explaining firms … explaining investment and employment dynamics. Likewise, the results obtained point to a non-linear impact of financial position … financial factors in explaining investment and employment dynamics is likely to be greater in recessionary periods …

correlation between efficacy in the civil justice system and business investment in Spain …One of the main determinants of the level of dynamism of business investment is the efficacy of the legal system, as an … efficacy of justice on the investment decisions of a sample of Spanish firms. Drawing on the cross-provincial heterogeneity in …