A large body of evidence suggests that poor countries tend to invest less (have lower PPP - adjusted investment rates …) and to face higher relative prices of investment goods. It has been suggested that this happens either because these … countries have lower TFP in the investment - good producing sectors, or because they are subject to greater investment …

From its publication in The Times in 1933, John Maynard Keynes’s investment multiplier sparked much debate and … controversy. Can an investment generate 3 or 4 times its value in income within one year? To date, no one has questioned the …

asymmetries. Based on the prediction by Rajan (1992), we examine how changes in short-term bank loan ratio affect firm investment … behavior. We confirm that, while investment by bank-dependent firms reduces with increasing ratio of short-term loans, this … results presented here help explain why firms without access to public debt have consistently lower investment rates than …

How do firms finance their investment? To what extent does the financing mix depends on the nature or the size of … investment? To what extent does the funding mix of investment vary along firm size? Relying on a unique database of firms … picture of the financial resources used by firms to finance their investment.We uncover significant cross …

It is well documented that since at least the 1970s investment-cash flow (I-CF) sensitivity has been decreasing over … time to disappear almost completely by the late 2000s. Based on a neoclassical investment model with costly external …

-pronged approach to investigate the relationship between corporate leverage and fixed investment spending. The empirical analysis …

We investigate how the state's intervention in the investment decisions of Chinese local SOEs is affected by corporate … largely exogenous. We find that local SOEs' investment efficiency is positively associated with the extensiveness of pyramids … but negatively related to the geographical distance. The positive impact of pyramid-building on investment efficiency …

rate of profit and its components - profit share, capacity utilization rate, and capacity-capital ratio - on investment …. Our results show that: (a) the rate of profit has both short and long run positive impacts on investment; (b) the profit … contemporaneous positive impact on investment. …

We examine the relationship between real exchange rate fluctuations and firm-level investment and growth using data for … real depreciations boost profits, investment, and asset growth of tradable sector firms that have higher labor shares and … depreciations boost profits by reducing real product wages, spurring investment of labor-intensive but financially-constrained firms …

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 …