Textbook theory assumes that firm managers maximize the net present value of future cash flows. But when you ask them …

We study the effects of monetary-policy-induced changes in Tobin's q on corporate investment and capital structure. We … develop a theory of the mechanism, provide empirical evidence, evaluate the ability of the quantitative theory to match the … evidence, and quantify the relevance for monetary transmission to aggregate investment …

Large shareholders may play an important role for firm performance and policies, but identifying this empirically … to separate selection from treatment effects of large shareholders. Individual blockholders tend to hold blocks in public …. These shareholders have a large impact on firms, controlling for selection effects …

private firms is correlated with lower investment. Our findings have important implications for theories on how firm leverage … and investment relate to economic fluctuations …

. This model generates dynamic relationships between foreign capital inflows, domestic investment and domestic bank debt in … accumulation of bank debt and increasing concentration of domestic lending and investment to the anticipation of contingent …

decision on a company's investment and financial policy. We compare both the ex ante and the ex post characteristics of IPOs … finance subsequent investment and growth, but to reduce leverage, (iv) going public reduces the cost of bank credit; (v) it is … often associated by equity sales by controlling shareholders, and is followed by a higher turnover of control than for other …