I show that, due to imperfect risk sharing, aggregate shocks to uncertainty about idiosyncratic return on investment …, with an idiosyncratic uncertainty shock, investment in physical capital can remain low even after the stock market and firm … idiosyncratic investment risk can explain, qualitatively, the aftermath of financial panics -- elevated risk premia, a sharp and …

We study how adverse selection distorts equilibrium investment allocations in a Walrasian credit market with two …-sided heterogeneity. Representative investor and partial equilibrium economies are special cases where investment allocations are … trade and investment allocations below perfect information levels. The degree of heterogeneity between informed agents' type …

We examine the effects of a 2012 regulatory reform that mandated fee and performance disclosures for the investment … weaker for plans with many investment options. Additionally, these results are not driven by secular changes in investor … behavior or sponsor-initiated changes to the investment menus. Our findings suggest that providing salient fee and performance …

, we investigate the differential investment propensities of public and private firms. Re-weighting the data to generate …, particularly in R&D. Exploiting within-firm variation in public status, we find that firms dedicate more of their investment to R … greater investment, on average, particularly in risky, uncollateralized investments …

We investigate the relationship between earnings management and the efficiency of corporate investment decisions. Using … relationship with the investment sensitivity to investment opportunities as measured by Tobin's Q. We find that the association is … accruals strategically. The concave relationship suggests that the marginal impact of earnings management on investment …

This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers. Using … uncertainty exhibit relative declines in investment after the change in trade policy. Within industries, we find that this … increase in investment. We also find evidence that establishments' investment activity is smoother following the policy change …

trace out firms' investment and growth trajectories in response to a credit supply shock. Financially shocked firms exhibit … a temporary investment gap for two years, resulting in a persistent accumulated growth gap six years after the crisis …. Shocked firms with rigid wages exhibit a significantly steeper drop in investment and an additional long-run growth gap …