a market-timing approach to investment with mixed success and failed to anticipate the 1929 market crash. Thereafter …

the long-term and relatively static nature of the investment problem faced by the typical educational institution …

access rationing and investor heterogeneity in fund expected returns. Development organizations, foundations, financial …

Investment decisions require trading off current expenditures against future revenues. If revenues extend far enough … into the future, the executives responsible for designing long-run investment policy may no longer be in office by the time … investments during their last years in office. In our empirical work, however, we find that investment expenditures on research …

This paper examines the importance of financial constraints for firm investment expenditures by looking at the … relationship between investment expenditures and proceeds from voluntary asset sales in financially healthy US manufacturing … companies. Specifically, we examine whether asset sales have a greater influence on investment expenditures for firms that are …

-preserving investment …

We develop an integrated theory of investment, seasoned equity offerings (SEOs), liquidation, and corporate savings … payout policies. Facing costly external financing, the firm prefers to fund its investment internally, so that its optimal … substantial delay in investment; (4) A financially constrained firm over-invests in early stages of its life-cycle in an effort to …

Using micro data from Duke University quarterly survey of Chief Financial Officers, we show that corporate investment … plans as well as actual investment are well explained by CFOs' expectations of earnings growth. The information in …