Firm investment, Intangible assets, Loan terms, Credit constraint, Survey data, Instrumental variable approachUsing … European firm-level data from a new survey, the EIBIS, we document the effect of bank loan terms on investment in intangible … benefit from the complementarities of these assets. We document the effect of loan conditions on investment intensity, as well …

We show that supply-side financial shocks have a large impact on the investment decisions of firms. We do this by …-firm lending data. We decompose loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks … supply and investment. We show that these idiosyncratic bank shocks explain 40 percent of aggregate loan and investment …

We show that supply-side financial shocks have a large impact on the investment decisions of firms. We do this by …-firm lending data. We decompose loan movements in Japan for the period 1990 to 2010 into bank, firm, industry, and common shocks … supply and investment. We show that these idiosyncratic bank shocks explain 40 percent of aggregate loan and investment …

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 …

adverse lending supply shock. The results contrast with recent evidence on the real effects of finance on firms' investment …

finance on firms' investment and employment decisions. …