investment problems have been formulated. …

property insurance contract could be used to bond subsequent corporate investment decisions. Although these models suggest one … possible approach to solving the underinvestment problem, neither model explicitly specifies the economic mechanism(s) required … financing-constrained model that not only eliminates underinvestment but also ensures that current shareholders capture the …

The paper examines the interpretation of firms' investment-cash flow sensitivity as an artifact of financial market … investment-cash flow sensitivity is discussed as well as some of the macroeconomic implications of financial market imperfections. …

Investment decision-making is modeled by means of a Kohonen neural net, where neurons represent firms. This is done in …

This paper analyzes a model of investment with fixed investment costs and capital market imperfections. In this model … finance influences the level of capital firms hold, as well as the frequency at which they invest. In consequence investment …, when the short-run investment function is estimated, liquidity has a significant impact, which is also strongest for strong …

profitability to the entrepreneur, and increases the investment threshold. The net effect is negative, because lower downside risk …Limited liability debt financing of irreversible investments can affect investment timing through an entrepreneur … entrepreneur's unique investment opportunity, and it is shown in a standard model of irreversible investment that includes the …

This paper studies whether and how capital investment and economic freedom jointly endogenize economic growth. The … the crucial role of both domestic and foreign capital investment and economic freedom for rapid growth. Countries that … improve economic freedom and that bolster capital investment tend to experience faster growth. The domestic investment rate …

- income countries for the period 1980-2002 and then project investment needs in these sectors until 2010. Our projections …