effect. It affects cash flows from corporate investment, bears influence on capital budgeting choices on investment timing … investment, our model shows that consumption taxation delays investment and precipitates default. Furthermore, we find that the …

In this paper, we explore a dynamic theory of investment and costly managerial turnover given agency conflicts between … finally liquidated, and develop a continuous-time agency model with the q-theory of investment. We derive the dynamic … variations of average q, marginal q, and the optimal investment?capital ratio surrounding manager turnover. Furthermore, we also …

This paper examines the sensitivity of investment to available cash-stock, a measure for internal funds, for 192 listed … non-financial firms of Bangladesh from 1992 to 2002. The empirical results show that smaller firms have greater investment … find that investment financing constraints of small firms are eased along with financial development. It is likely that …

constant dollars and a deflated or real rate of discount) could give an inappropriate investment recommendation. Situation …

This paper analyzes the behavior of a firm that chooses both the scale and timing of its investment. Sensitivity … is in contrast to the conventional wisdom, which is that greater volatility leads to investment in smaller increments … investment is a decreasing function of demand volatility. The timing and scale of investment are most sensitive to volatility …

This paper analyzes the relationship between investment behavior of firms and ownership and corporate governance … firms and its effect on investment behavior via the presence of private benefits of control, financial and soft budget … constraints. We find a negative impact of government ownership on investment and evidence for soft budget constraints. Foreign …

Several studies use the investment - cash flow sensitivity as a measure of financing constraints while some others … subject to less financing constraints relative to independent firms.Our results show strong investment - cash flow … investment models and estimation techniques.We investigate this finding further by analyzing the influence of various firm …

This paper revisits the important result of the real options approach to investment under uncertainty, which states … that increased uncertainty raises the value of waiting and thus decelerates investment.Typically in this literature … that investment projects are usually considered to have a .nite life.The present paper studies investment projects with …

investing at an elevated level and when the new owner has displayed past restraint in their investment spending activities …

We use the stochastic frontier approach to estimate the impact of firm characteristics on investment decisions of …) optimum investment that is consistent with a firm's characteristics such as the Tobin‟s q during each firm-year, and then … estimate the deviation from this unobserved optimum in the form of an (investment) efficiency score that varies between zero …