Investment cash flow sensitivity constitutes one important block of the corporate financial literature. While it is … the investment cash flow sensitivity among panel data of American industrials firms during 1999-2010. Using Q-model of … investment (Tobin 1969), we construct and introduce a proxy of managerial optimism following Malmendier and Tate (2005a) to show …

opportunities and investment demand. Financial development primarily affects firms' external financing constraints. (2) Large firms …

's capital (as part of intercorporate investment). Using OLS regression, this analysis does not find evidence for the variables …

The paper assesses the role of taxes on investment in Colombian firms. The analysis is carried out at the firm level … the statutory tax rates, tax credits and incentives for corporate investment. The effect of corporate taxation on … investment is estimated by first determining the impact of taxation on the cost of capital by computing the effective marginal …