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Rapid urbanization, and particularly the associated problems of urban poverty, unsustainable development and environmental degradation, pose an enormous challenge to many developing countries. In the last decade more foreign aid has been diverted to urbanization and green city development. This...
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Many competitive industries find it challenging to identify their competition set, and despite the widely accepted importance of competition set to strategy development and daily operations, few data-driven approaches have been developed to address this challenge. In this paper, we propose a...
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Consistent with neoclassical models with investment lags, we find that a bottom-up measure of aggregate investment plans, namely, aggregate expected investment growth, negatively predicts future stock market returns. with an adjusted in-sample R2 of 18.5% and an out-of-sample R2 of 16.3% at the...
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