policies and events. Under certain conditions, stock return equals investment return, which is directly tied with firm … relations of future stock returns with market-to-book, investment and disinvestment rates, seasoned equity offerings, tender …

period 1978-89. These datasets are used to estimate emprirical investment equations, and to investigate the role played by …

firms. We conduct factor analysis on investment rates among various capital goods and estimate factor loadings of each as … investment rate, which is the percentage of its variance that is not explained by the common factors. If the estimated factor … certain theoretical models may track the dynamics of the investment rates well. Our estimation results show that Building and …

, maintenance, and expansionary investment policies, as well as their interactions. …

Investment in physical capital at the micro level is infrequent and large, or lumpy. The most common explanation for … costs make investment lumpy at the micro level, even in the absence of non-convex adjustment costs. When collecting and … behavior results in infrequent and possibly large capital adjustments. The model fits plant-level investment rate moments well …

, maintenance, and expansionary investment policies, as well as their interactions. …

framework of entrepreneurial firms’ investment and capital structure decisions with time-inconsistent preferences. We show that …). Time-inconsistent preferences delay investment under both all-equity financing and debt-equity financing. However, the … impact is weakened under debt-equity financing, because debt financing increases the payoff value upon investment and …