We survey recent microeconometric research on investment and employment that has used
panel data on individual firms or plants. We focus on model specification and econometric …

Recent theoretical developments relating to investment under uncertainty have highlighted
the importance of irreversibility for the timing of investment expenditures and their expected …

We examine the impact of government economic policy uncertainty (GEPU) on corporate
innovation and identify a cost-of-capital transmission channel. We find that GEPU increases …

This paper estimates the effects of financialization on physical investment in the UK using
panel data based on balance sheets of publicly listed non-financial companies supplied by …

" Now in its fourth edition, this comprehensive introduction to fundamental panel data
methodologies provides insights on what is most essential in panel literature. A capstone to …

Most empirical models of investment rely on the assumption that firms are able to respond to
prices set in centralized securities markets (through the" cost of capital" or" q"). An alternative …

We investigate whether short-termism distorts the investment decisions of stock market-listed
firms. To do so, we compare the investment behavior of observably similar public and private …

This paper presents evidence suggesting that information and incentive problems in the
capital market affect investment. We come to this conclusion by examining two sets of …

Over the past decades, the financial investment of non-financial businesses has been rising,
and the accumulation of capital goods has been declining. The first part of the paper offers a …

I discuss the impact of financialisation on real capital accumulation in the US. Using data
from a sample of non-financial corporations from 1973 to 2003, I find a negative relationship …