We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …

Investment cash flow sensitivity constitutes one important block of the corporate financial literature. While it is … the investment cash flow sensitivity among panel data of American industrials firms during 1999-2010. Using Q-model of … investment (Tobin 1969), we construct and introduce a proxy of managerial optimism following Malmendier and Tate (2005a) to show …

The study investigates the role of financial development in boosting the investment efficiency of firms' investments in … concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more … likely to increase (decrease) their investment' in the response of underlying financial development in the economy. This …

Investment cash flow sensitivity constitutes one important block of the corporate financial literature. While it is … the investment cash flow sensitivity among panel data of American industrial firms during 1999-2010. Using Q-model of … investment (Tobin, 1969), we construct and introduce a proxy of managerial optimism following Malmendier and Tate (2005a) to show …

This study examines the impact of the Tax Cuts and Jobs Act of 2017 (TCJA) on U.S. corporate investment. We examine U …-in-differences analysis. Our results indicate that investment increases for U.S. firms relative to Canadian firms after the tax cuts. We also ….S. after the tax cuts increase investment the most. Furthermore, we exploit a provision in the TCJA that allows firms to …

earnings management, and restatements). This association is driven primarily by these large shareholders influencing rather … individualized effects of blockholders and a mechanism through which shareholders impact reported earnings …

, we study whether the presence of nonfinancial firms as shareholders of Brazilian firm mitigates financial constraints. We … find that the presence of nonfinancial firms as significant shareholders reduces financial constraints, probably because … changes, have been positive for firm investment and have contributed to the development of Brazil …

In recent years, stock pledge financing has prevailed in China. Individual shareholders’ stock-pledge announcements … individual controlling shareholders between 2006 and 2020 and investigates, through event study (ES) analysis, the market …

I propose a neoclassical production economy with costly external financing, partial investment irreversibility, and … endogenous investment/financing decisions to rationalize and quantify the well-documented interaction between the book … arises in economic downturns because of the risk-enhancing investment/financing behavior of firms with a net worth below the …