We develop a model that examines the capital structure and investment decisions of regulated firms in a setting that …

Credit constraints are more frequent among growth companies with large investment opportunities. For the same reason … investment opportunities to a larger extent. (ii) Taxes which are neutral in a neoclassical world, still restrict expansion … investment of constrained firms by reducing free cash-flow and thereby discourage innovation. (iii) A revenue neutral increase in …

or positive effects on R&D-investment, respectively. Both possibilities arise in plausible situations, even if one uses … on investment more likely. Extending the basic framework, the paper shows that separation of ownership and control …, endogenous entry and cumulative investments make positive effects of competition on investment more likely. Imperfect upstream …

been significant changes in saving and investment patterns across the world and imbalances have narrowed considerably. Does …

investment models must be attributable to movements in equity risk premia. In this Paper we emphasise that such movements in … equity risk premia should have implications not merely for investment today, but also for future investment over long …-horizon fluctuations in the growth of marginal Q, and therefore investment. We test this implication directly by performing long …

Conventional wisdom has it that increasing price or exchange rate uncertainty will depress investment. Using the Dixit … uncertainty leads to more investment. It depends first on the risk of being stuck with (ex-post) unwanted investments, then on the … increase or decrease investment; and also to identify which types of industries would gain, and which would suffer, from a move …

investment goods in developing countries. One implication of our findings is that increased aid flows to developing countries …