competition a¤ects the industrial dynamics of investment, concentration, and expected returns. When firms have similar production …

question, the evidence suggests uncertainty is damaging for short-run investment and hiring, but there is some evidence it may …

This paper investigates the relationship between infation uncertainty and investment using a panel of loan-level data … investment. Moreover, there is a shift in the composition of investment away from fixed assets and towards working capital - the … more flexible factor of production - and fixed asset investment exhibits periods of inaction consistent with real option …

fertility and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to …

When financial markets are incomplete, shareholders will in general disagree on the optimal level of investment to be … the asset market. In the model economy analyzed here consumers face idiosyncratic labor income risk and the only asset … competitive equilibrium shareholders will unanimously agree on the optimal level of investment. As a result, in this incomplete …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … correlation between q and investment. We calibrate the model and show that, thanks to this effect, the model can generate … realistic correlations between investment, q and cash flow …