In this study, we analyse the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … constraints and investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the …

This paper describes the share of investment in fixed capital and working capital financed by retained earnings using a …, particularly by smaller firms located in countries with less developed financial markets. Investment in fixed assets represents …

Unlike previous empirical work concerning investment behavior and the determinants of liquidity constraints, we use a … through 2002 we find that: (i) investment behavior is characterized by two distinct regimes; (ii) the likelihood of being … essentially stable during the whole period under consideration; (iv) ownership structure affects investment beyond its indirect …

Investment characteristics and the form of external financing are linked. Factor analysis indicates that the principal … determinant of the financing choice is whether an investment's payoffs can be described as a hit or miss. Hit-or-miss investments … are more likely to be equity financed. Equity also becomes more common the longer the time until an investment produces …

their investment more after the crisis. This negative effect is stronger for firms linked to weak banks with exposures to … corporate investment …

financial crisis and especially so during the recovery phase. This resulted in a persistent and growing investment gap between …

This paper investigates how firms manage their cash savings, financing, and investment when aggregate uncertainty is …, investment irreversibility, and time-varying risk premia. In my model, firms have a precautionary-savings motive and real options …

We study the impact of the concentration and complexity of the banking sector on firms' financing and investment … increases investment sensitivity to aggregate productivity shocks …

Does corporate debt overhang affect investment over the medium term? To better uncover this association, I argue that … investment: a 10 p.p. increase in the three-year change in the leverage ratio is associated with 5% lower capex investment after …

Does corporate debt overhang affect investment over the medium term? To uncover this association, I measure debt … to cut permanently back on investment: a 10 percentage point increase in the three-year change in the leverage ratio is … associated with lower investment growth of 5 percentage points after five years compared to the most resilient firms. I also find …