We examine firms' simultaneous choice of investment, debt financing and liquidity in a large sample of US corporates … affect the corporate decisions of unconstrained firms more strongly than those of constrained firms. Investment-cash flow … sensitivities are particularly intense for unconstrained firms with high hedging needs. Investment opportunities (as proxied by Q …

In this paper we use balance-sheet data and information on bankruptcy to study the relationship between investment …-2011, which also allows us to study the impact of the 2008 crisis on Czech companies. Using investment-cash flow sensitivity to … significant impact on the investment rate. By taking a closer look at individual subsamples we reveal that the existence of …

The paper investigates the impact of foreign currency lending in the Hungarian corporate sector on real investment … cost and easing liquidity constraints – contributed to larger investment before the crisis. The second question focuses on … investment rate for firms with foreign currency loans. We try to separate and measure both the competitiveness and balance sheet …