This paper links real investment policy to corporate risk management, endogenizing the costs of external financing …. Previous literature finds investment efficiency linked to full hedging. In this model, a firm with proprietary information when … deciding its investment in a valuable project, may not choose to fully hedge in equilibrium, and this can improve investment …

This paper extends the model of Fielding (1999), which is designed to explain changes in investment in South Africa … the political factors, but these factors do explain some of the variation in investment over time. …

We present evidence that an increase in investment as a share of GDP predicts a higher growth rate of output per worker … coefficients. They are robust to model specifications and estimation methods. The evidence that investment has a long-run effect on …

linkages between investment in fixed and working capital and financing constraints.  We find that those firms characterized by … high working capital display high sensitivities of investment in working capital to cash flow (WKS) and low sensitivities … of investment in fixed capital to cash flow (FKS).  We then construct and analyze firm-level FKS and WKS measures and …

This paper examines how foreign ownership affects the investment decisions of subsidiary firms using a new dataset of … listed-parent - listed-subsidiary pairs.  We find that improvements in the investment opportunities of parent firms have a … negative effect on the investment of their subsidiaries, after controlling for the investment opportunities of the subsidiary …

This paper reports a new test of capital structure theories. It uses a filtering technique to identify large investment …

private investment as a share of GDP in a sample of 72 developing countries.  Our empirical results suggest important … differences between oil and non-oil resources.  While revenue from oil exports tends to increase private (and public) investment … investment determinants, such as measures of the quality of institutions, political instability or macroeconomic volatility. …