uncertainty in that industry. Following the theoretical prediction of investment under uncertainty, we hypothesize and find that … private firms are more responsive to their investment opportunities when they operate in industries with greater public firm … in industries characterized by a greater degree of investment irreversibility. Our results suggest that public firms …

We ask whether the quality of internal information matters for investment decisions. We predict that investment is more … information properties. We find that the sensitivity of investment to profitability is increasing, while the sensitivity of … investment to market-to-book is decreasing in internal information quality. Our focus on internal information and decision making …

ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a …

taxes impair subsidiary-level investment efficiency. Consistent with internal agency conflicts between the central …-level investment efficiency while reducing the level of investment. Our paper provides timely empirical evidence to inform expectations …