to explain the low levels of investment in research and development (R&D) activities by Chilean firms. …

We study the relationship between corporate debt, corporate risk and firm-level investment, using a sample of 25 …,000 listed companies across 47 countries over the last two decades. We find higher leverage reduces investment but show the … significantly in economic crises, and the effects may persist for two to three years after the shock. Given the rise in corporate …

licencees do not face the obligation to to develop the lease or to undertake the investment required to use the assigned … "use or lose" provisions upon the private time of investment. We find that these provisions may either increase or reduce … the probability of early investment, depending on the risk of losing the licence and the expectations about on …

experiences a shock forcing it to start learning afresh. Firms differ in their information; more informed firms have lower … posterior variances in beliefs. An uncertainty shock is a rise in the probability that any given firm will lose its information … a prolonged recession followed by anemic recovery in response to an uncertainty shock. When confronted with a rise in …

In the literature investigating the impact of uncertainty on short-run and long-run investment, most authors have used … general ones and has the advantage of providing closed form solutions for both short-run investment rule and long-run rate of …

investment decisions via both adjustment costs and marginal profitability of capital. We test these hypotheses by using a large … infrastructure ; Firm's value ; Corporate investment …

's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …