We study how investors' preferences for robustness influence corporate investment, financing, and compensation … ambiguity aversion lowers Tobin's q; the average investment, and investment volatility. The entrepreneur values the project at …

financial-wealth households have a financial portfolio with high duration …

We investigate how information processing frictions contribute to household suboptimal saving and investment behavior … processing frictions contributing to inefficient investment, the extent of investment in suboptimal home-state accounts decreases … information processing frictions shape households' suboptimal investment in college savings plans and reduce their financial well-being …

financial frictions induces the standard real-options effects on investment and hiring, but also leads firms to hoard cash …, further reducing investment and hiring. We then test the model using a panel of US firms and a novel instrumentation strategy …

Abstract U.S. firms have reduced their investment in scientific research ("R") compared to product development ("D …"), raising questions about the returns to each type of investment, and about the reasons for this shift. We use Census data that … cost. Companies with greater demand for refinancing during the 2008 financial crisis made larger cuts to R&D investment …

may mute their impact on productive investment. In an experiment in Malawi, we cross-cut cash transfers with an "input … fair," designed to reduce transport costs to access agricultural inputs. Cash alone increases investment by 27%, while the … joint provision of cash and the input fair increases investment by about 40%; thus, the incremental effect of the input fair …

We study how tax policies that lower the cost of capital impact investment and labor demand. Difference …-in-differences estimates using confidential US Census Data on manufacturing establishments show that tax policies increased both investment and … investment is greater in plants with lower labor costs. Our results show that recent tax policies that incentivize capital …