This book presents an up-to-date overview of the theory as well as the empirics of the relationship between investment …, the authors discuss both traditional investment models with uncertainty and the more modern option based models. They … present an overview of empirical results of the modelling of investment under uncertainty. In these examples, the effects of …

We study the effect of asset tangibility on corporate financing and investment decisions. Financially constrained firms … investment. Using a dynamic model, we characterize this effect — which we call firm-level credit multiplier — and show how asset … tangibility increases the sensitivity of investment to Tobin’s Q for financially constrained firms. Examining a large sample of …