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 …

Kaplan and Zingales [1997] provide both theoretical arguments and empirical evidence that investment-cash flow …

incomes in the east have now reached the western level, and investment per capita has been much higher than in the west …. However, every third deutschmark spent in the east has been coming from the west, investment in equipment has fallen below the … west Germany. Excessively high wages coupled with investment incentives that made the cost of capital negative rank high …

Conventional estimates of the impact of taxes on investment may be seriously biased by measurement error in the cost of … significantly affect both prices and investment and that conventional results may be off by as much as a factor of four …

shareholders and managers in which managers have private benefits or private costs of investment. Managers overinvest when they … compensation, investment, and firm performance for both cases. The relationship between firm performance and managerial incentives …, in isolation, is insufficient to identify whether managers have private benefits or private costs of investment. In order …