We show that firms’ debt maturity structure plays an important role in investment above and beyond that of leverage … invest more and prefer to use long-term debt to free up funds for future investment. This mechanism is supported by the data …. Our findings highlight the importance of debt maturity structure in understanding corporate investment decisions …

' maturity choice matters for policy: A financial reform which increases investment and output in a standard model of short …

This paper describes the share of investment in fixed capital and working capital …

This paper examines the effect of satisfaction with firms' products and services on their capital investment policies …. Overall, this study argues that customer satisfaction is an important factor affecting the firm's investment policy. The …

leverage incumbents do not. This difference in investment matters because capacity installations preempt eventual entry. Indeed … findings suggest that leverage matters for industry composition, not just firm-level investment …

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 …

We find the investment-cash-flow-sensitivity (ICFS) decreases with a firm's asymmetric informational imperfection about … growth (AI), a variable highly persistent over time. Firms with distinctly initial AI have distinct future investment styles … and financing patterns. Higher initial AI predicts an investment style with more R&D intensity and a financing pattern …

We examine the effect of credit default swap (CDS) trading on firm investment, finding a post-CDS introduction decrease … controlling for past investment and financing activities. Further analysis reveals a CDS introduction-year increase in debt … increase in bankruptcy risk and debt overhang likely plays a dominant role in the investment effect of CDS, while the expansion …

managerial overconfidence and investment policy in small and medium-sized firms. We construct direct estimates of managerial … evidence on the determinants of failed (downsized, delayed or abandoned) corporate investment projects. Controlling for socio …-demographic variables and firm characteristics, we find that investment projects planned by overconfident managers are more likely to fail …