good monitors. Whereas affiliates of those groups that attract foreign institutional investment are no more difficult to … monitor than are unaffiliated firms, we find that group affiliation reduces the likelihood of foreign institutional investment … transactions) are more likely to attract such investment. We conclude that groups are difficult to monitor, and that foreign …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow …

, index-eligible bonds, but they pay the potential cost of having to hoard low-yielding cash assets if their investment …. These patterns are not apparent in the issuance of investment grade bonds by firms in developed economies …

This paper considers the financing of investment in the presence of asymmetric information between the 'insiders' and … whole with the following features: low-productivity firms rely on the equity market to finance investment at a relatively … investment at a relatively high level. It is shown that the debt market is efficient, with respect to both its scope and the …

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 …

exist in certain markets. This proposition is put to the test by examining every equity investment made by one of the … sufficient investment capital …

Natural-resource taxation and investment exhibit cycles in a vast number of countries, driving political turmoil and … investments, which in turn prompts it to increase taxes next period. This induces low investment thus low future taxes, and so on …

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 …

We develop a dynamic model of trading and investment with limited aggregate resources to study investment cycles …. Unverifiable idiosyncratic investment opportunities imply market prices to play a role of rent distribution, distorting private … investment incentives from a social point of view. This distortion is price-dependent, leading to two-sided inefficient …