We aim at obtaining a simple quantitative rule for the joint determining of optimal corporate investment and financing …

the firm-level investment in 14 Asian countries over the period of 1990-2010. We used Panel smooth transition regression … splitting of firms into constrained and unconstrained firms used in the linear investment models. Our results show that PSTR … investment models have higher explanatory power than linear investment model. Our estimation results from the PSTR investment …

We develop a model to examine the timing of investment decisions in relation to the issuance of convertible debt by … firms. Our model shows that when the demand shock has higher volatility, the firm finances the investment cost with high … tend to defer investments. Furthermore, we examine the investment decisions in which the convertible debt includes a call …

In this paper the corporate investment decision under financial restrictions is investigated with Belgian firm data … from 1984 to 1992. An investment Euler equation is derived from a dynamic optimization model with debt ceilings and an … source of corporate investment in Belgium since 1986. The estimation results show the dependence of corporate investment on …

In this paper, we present a literature review and classification scheme for investment cash flow sensitivity under … findings. Literature on investment cash flow sensitivity under behavioral corporate finance isn't well developed. In fact, the … explanatory power and they can succeed to explain the dependence of corporate investment on the internal cash flow availability …

wisdom as a proxy for investment opportunities and obscures a more complicated relationship between the accounting for … consistent with an investment-based explanation. Finally, we document evidence that issuers with low growth opportunities and …

The purpose of this work is to verify the existence of financial constraints for investment in Brazil, an emerging … market with growing international visibility. Using panel data methodology and GMM, we estimate dynamic investment models …-2006. Our findings show that Brazilian firms face financial constraints since their investment depend on internally generated …

Using Swedish bank lending data, investment data and accounting data, I examine how the financial crisis affected … corporate investment through its effect on credit availability. Sensitivity to a credit supply shock is measured as credit … reserves, defined as unused credit on lines of credit. I find that firms with low credit reserves reduced investment …

investors and venture location in an equity crowdfunding context. By analyzing investment decisions, we show that geographic … distance is negatively correlated with investment probability for all investor types. Our comparison of home country and …

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 …