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 …

industry from 1991 to 1996. Plant-level decisions on R&D, physical capital investment, entry, and exit are integrated in a … physical investment, and plant scrap value distribution. Knowledge spillovers are essential to explaining the firm …

-specific costs of capital. We show that SOEs did respond to the performance evaluation reform by altering their investment decisions … evidence that incentive schemes affect real investment and sheds new light on challenges faced by economic reforms in China …

In recent years, US investment has been lackluster, despite rising valuations. Key explanations include growing rents … -- reflected in average Q -- and investment -- reflected in marginal q -- can be decomposed into three terms: the value of …

We study the effects of monetary-policy-induced changes in Tobin's q on corporate investment and capital structure. We … evidence, and quantify the relevance for monetary transmission to aggregate investment …

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 …

future of work. We study firm investment in automation using cross-country data on robotization as well as administrative … firms has been limited. First, investment in robots is small and highly concentrated in a few industries, accounting for … importance in firms' investment is significantly higher, and their link with labor markets, while sharing some similarities with …