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 …

We examine the neoclassical investment model using a panel of U.S. manufacturing firms. The standard model with no … for firms with low (pre-sample) payouts (firms we expect to face financing constraints). Hem, investment is sensitive to … both firm cash flow and macroeconomic credit conditions, holding constant investment opportunities. Sample splits based on …

Over the past decade, a number of researchers have extended conventional models of business fixed investment to … incorporate a role for financial constraints' in determining investment. This paper reviews developments and challenges in this … challenges. First, I describe analytical underpinnings of models of capital-market imperfections in the investment process, and …

environmental returns. Examination of every equity investment made by the International Finance Corporation, one of the largest and … markets, and a core thesis of impact investing that some eligible markets do not receive sufficient investment capital …