This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … that the marginal return to investment in firm i is the same as the marginal return to investment in firm j? Second, do … capital budgeting process get within-firm allocations right, so that the marginal return to investment in firm i's division A …

with the cost of capital cannot be found, investment in Japanese manufacturing shows until 1974 a strong association with … of capitalis the major determinant of investment …

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

research that uses cross-sectional differences in firm behavior to test for financing constraints on investment. This reply … of internal finance. Second, the KZ regression results (lower sensitivity of investment to cash flow for firms classified …

establish a causal relationship between competition and investment. Within manufacturing, we show that industry leaders invest … in the late 1990's, which is orthogonal to demand shocks in the 2000's, predicts higher industry investment given Q …

Japan's macroeconomic performance, as reflected by impulse response functions for investment, employment and output. Our …

The distinction between production and purchases of investment goods is essential for quantifying the response to … changes in investment tax incentives. If investment goods are tradeable, a large fraction of the demand from changes in tax … subsidies will be met from abroad. This difference between production and purchases implies that investment tax incentives will …

total factor productivity (TFP) coincidentally with large changes in hours and investment. This mismeasurement leaves …