distorting corporate investment and financing decisions, investor portfolio allocation decisions, fund manager skill assessments …

Foreign direct investment offers a rich laboratory in which to study the broader economic effects of securities market …

remain so for many years. The efficiency of its financial system in allocating capital to investment will be important to … last two decades is highly correlated with that of corporate investment efficiency. China's stock market appears to be … access it. Yet this high alpha amounts to an inflated cost of equity capital, constraining the investment of China's smaller …

investment, especially for long samples that begin in 1891 or 1921. Moreover, for the period since 1921 where data on a q … Canadian investment, except that the U.S. stock market turns out to have move predictive power than the Canadian market. I …

This paper explores the sources of uncertainty that cause firms to revise their capital investment plans and the stock … in investment plans and the stock market rate of return in micro, setoral and aggregate components, and to measure the … U.S. economy for the period 1950-1973. The empirical results show that the capital investment decision is governed …