have a significantly higher investment-cash flow sensitivity than comparable private firms. These differences in investment … agency-based explanation, since differences in investment-cash flow sensitivities can only be observed for the unexpected …. Our study adds a new aspect to the ongoing debate on the effect of a stock market listing on a firm's investment decisions …

We examine the effect of economic policy uncertainty on the relation between investment and the cost of capital. Using … the negative relation between investment and the cost of capital decreases during times of high economic policy … uncertainty. An increase in policy uncertainty reduces the sensitivity of investment to the cost of capital most for firms …

We measure the sensitivity of investment to changes in investment opportunities in the shipping industry and test … that investment in commercial shipping follows freight rates, a measure of the potential income stream from owning a vessel … rates on investment, indicating a higher relative efficiency of capital allocation. The positive impact ownership has on the …

We examine the role of a country's institutional framework for investment and financing activities. A country … flow and firms' investment and financing behavior. Firms from countries with a more developed institutional framework … issues. Conversely, firms' investment-cash flow sensitivity is higher in countries with a less developed institutional …