IPOmarket. We also find evidence for lower initial returns under increasedcompetition among investment banks, and more accurate …

banks not involved in investment banking activities are superior to those of investment banks. …

from an investment perspective. …

Theories of investment suggest that the option value of waiting to invest is significant in many branches of economics …, where investment is irreversible. The existing literature has generally failed to account for the general equilibrium … moderate levels of risk aversion. Our analysis demonstrates that the implications of partial equilibrium models of investment …

In this study, we examine whether changes in the investment opportunityset stemming from interest rate and credit risks …