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1/5 Our article titled "Financialization, financial development and investment. Evidence from European non-financial corporations" is now available on-line within SER articles at: academic.oup.com/ser/advance-ar…
#financialization #corporation #financialdevelopment
#financialization #corporation #financialdevelopment
2/5 This article provides estimations of the effects of different financial channels on physical investment in Europe using the balance sheets of publicly listed non-financial corporations (NFCs) for the period 1995–2015. 2/4
3/5 Both financial payments and financial income have an adverse effect on investment. The negative impacts of financial income are non-linear with respect to company size: they crowd out investment in large companies, and have a positive effect in relatively smaller ones.
