Investment models typically explain only a small share of the total investmentvariation within or between firms. A reason for this may be that those models do not explicitlydifferentiate between the decision to invest and the decision about the level of investment. Inthis paper, a two-steps...

The entry and exit decisions, considered as investment decisions, areinvestigated in the paper. Taking into account the heterogeneity of entry andexit, the analysis is based on two types of entry-exit: real (related to theestablishment or closing of a firm), or entry-exit in a new sector...

The objective of this paper is to empirically detect credit rationing of Polish farms. Based on cross-sectional survey data and motivated by a microeconomic farm household model, this effort is pursued by a methodology consisting of three interrelated steps. These steps include the analysis of...