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

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 …

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 …

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

, cooperation appears to be enforced through universal moral values; internalized guilt; altruistic punishment; and an apparent rise …

We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …) firm growth independent of firm size, as stated in the so-called Gibrat's law, and (iii) R&D investment proportional to …

technology of private investment. Government policies that discourage saving might make the Schumpeterian vision of a shift from …

taxes may thus change the investment behavior of firms. Using an international panel with many changes in payout taxes, we … show that this prediction holds well. Payout taxes have a large impact on the dynamics of corporate investment and growth …. Investment is "locked in" in profitable firms when payout is heavily taxed. Thus, apart from any aggregate effects, payout taxes …