consumption, portfolio allocation, financing, investment, and business exit decisions. The optimal capital structure is determined …

We study the effects of monetary-policy-induced changes in Tobin's q on corporate investment and capital structure. We … develop a theory of the mechanism, provide empirical evidence, evaluate the ability of the quantitative theory to match the … evidence, and quantify the relevance for monetary transmission to aggregate investment …

an entrepreneurial sector, the paper investigates the effects of taxes on the equilibrium level of entrepreneurship and …, progressive taxation as well as investment and output subsidies to the entrepreneurial sector …

companies. I test the joint hypothesis that 1) a decrease in cash/collateral decreases investment, holding fixed the … profitability of investment, and 2) the finance costs of different parts of the same corporation are interdependent. The results … support this joint hypothesis: oil companies significantly reduced their non-oil investment compared to the median industry …

returns on those investments) has important implications for the saving, investment, and entry decisions of continuing and … potential entrepreneurs. These effects are similar in spirit to the role played by costly external financing on investment by … conclusion that entrepreneurial saving and investment decisions are interdependent raises three areas for future research: (1 …

In the presence of asymmetric information, the stage at which financing decisions are made about investment projects in … channeling savings into investment. This paper compares the implications of two extreme cases regarding the information possessed …

This paper assesses different organizational forms in terms of their ability to generate information about investment … costlessly hardened' and passed along within the hierarchy. As a concrete application of the theory, the paper discusses the …, this is exactly what the theory would lead one to expect …