, reducing the efficiency of trade. This need for opacity conflicts with the production of information about investment projects …

This paper examines the extent to which investment financing and market-timing explanations motivate public equity … one motive for the equity offer being to raise capital for investment. However, firms also hold onto much of the cash they …. These results suggest that market timing as well as investment financing is a motivation for equity offers …

examines the work on venture capital investments in companies, looking at issues of selection, contracting, post-investment …

book-to-market, investment, and size portfolios. We propose a dynamic investment-based model with stochastic equity …, real quantities, and financing flows. In the model, growth firms, high investment firms, and large firms, can substitute …

, the economy slows, or average credit spreads widen. Yet investment grade firms tend to be reluctant to issue secured debt … at all times. In contrast, we find that for firms that are rated below-investment grade, the likelihood of secured debt …