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The effects of q and cash flow on investment in the presence of measurement error

Abel, Andrew B. - In: Journal of financial economics 128 (2018) 2, pp. 363-377

Persistent link: https://www.econbiz.de/10011971078

An exact solution for the investment and market value of a firm facing uncertainty, adjustment costs, and irreversibility

Abel, Andrew B.; Eberly, Janice C. - 1993

Persistent link: https://www.econbiz.de/10000872408

The effects of uncertainty on investment and the expected long-run capital stock

Abel, Andrew B. - In: Journal of economic dynamics & control 7 (1984) 1, pp. 39-53

Persistent link: https://www.econbiz.de/10001803530

The effects of uncertainty on investment and the expected long-rund capital stock

Abel, Andrew B. - 1983

Persistent link: https://www.econbiz.de/10001530927

An Exact Soultion for the Investment and Market Value of a Firm Facing Uncertainty, Adjustment Costs, and Irreversibility

Abel, Andrew B. - 1993

This paper derives closed-form solutions for the investment and market value, under uncertainty, of competitive firms … irreversible investment as well as for reversible investment. Optimal investment is a non-decreasing function of q, the shadow … value of capital. The conditions of optimality imply that q cannot contain a bubble; thus, optimal investment depends only …

Persistent link: https://www.econbiz.de/10012474539