We study how investors' preferences for robustness influence corporate investment, financing, and compensation … ambiguity aversion lowers Tobin's q; the average investment, and investment volatility. The entrepreneur values the project at …

We analyze noncontractible investments in a model with shading. A seller can make an investment that affects a buyer …

types can be exploited to enhance cooperation by structuring the twice-played prisoners' dilemma to "start small," so that …

setting, we show that venture capitalists exhibit strong detrimental homophily in their co-investment decisions. We find that … find that while collaborating for ability-based characteristics enhances investment performance, collaborating for affinity …-based characteristics dramatically reduces the probability of investment success. A variety of tests show that the cost of affinity is not …

In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in … channeling savings into investment. This paper compares the implications of two extreme cases regarding the information possessed …

This paper assesses different organizational forms in terms of their ability to generate information about investment … costlessly hardened' and passed along within the hierarchy. As a concrete application of the theory, the paper discusses the …, this is exactly what the theory would lead one to expect …