For example, while the post-crisis weakness in non-mining investment has been broad based across large and small businesses, our analysis using BLADE data shows that, for large firms, this can be mainly explained by weakness in demand. In contrast, investment by small firms has been unusually weak since the crisis, relative to current demand.
http://www.rba.gov.au/speeches/2017/sp-dg-2017-11-13.html  6/13  13/11/2017  Business Investment in Australia | Speeches | RBA  Graph 6  Expectations of weak  future conditions are plausibly restraining business investment even more than  current conditions. Until recently, Bank liaison pointed to businesses being reluctant to invest until they saw a sustained pick-up in demand.