The paper investigates the relationship between the investment holding horizon and liquidity. I confirm and expand … investment decisions, which is an extension of the earlier findings of Teo (2011) for hedge funds …

Institutional investors in equities tend to follow well-defined investment strategies, often based on factors such as … flows between investment strategies on the cross-section of their performance. We find that the correlation between factor …

We build a model of investment and financing decisions to study the choice between bonds and bank loans in a firm …'s marginal financing decision and its effects on corporate investment. We show that firms with more growth options, higher … investment. We test these predictions using a sample of U.S. firms and present new evidence that supports our theory …

We study whether, how, and why the investment of a firm depends on the investment of other firms in the same product … complementarity of investment among product market peers, holding across a large majority of sectors. Peer effects are stronger in … information. Product market peer effects in investment could amplify shocks in production networks …

We introduce a model for portfolio selection with an extendable investment universe where the agent faces a trade …-off between exploiting existing and exploring for new investment opportunities. An agent with mean-variance preferences starts … with an existing investment universe consisting of a risk-free and a number of risky assets. However, rather than being …

We develop a dynamic model of corporate investment and financing decisions in which corporate insiders have superior … asymmetric information induces firms with good prospects to speed up investment, leading to a significant erosion of the option … hierarchy or pecking order over securities. Finally, we generate a rich set of testable implications relating firms' investment …

The optimal investment-dividend policy of a financially constrained firm whose earnings are subject to additive shocks …