Small Fund Industry model shows equilibria with overinvestment in unprofitable and underinvestment in profitable investment …This paper studies the effect of new fund flows on investment behavior and the resulting equilibrium price of risk. The … equilibrium. New flow of funds to the asset management industry lead to inefficient investment decisions, mispricing of risk, and …

to farmer investment is uninsured risk: when provided with insurance against the primary catastrophic risk they face …The investment decisions of small-scale farmers in developing countries are conditioned by their financial environment …. Binding credit market constraints and incomplete insurance can reduce investment in activities with high expected profits. We …

For a long time, China’s impressive growth performance has been driven by investment and high productivity gains. Based … on the recent discussion on possible overcapacities and overinvestment in China, the paper investigates the … sustainability of China’s investment- and export-driven growth model. It is shown that since the turn of the millennium buoyant …

quality mitigates both overinvestment and underinvestment issues. The relationship between earnings quality and …This study explores the firm-level relationship between earnings quality and investment efficiency. Higher quality of … reported results has the capacity to positively impact the efficiency of company’s investment levels by over- and …

governance quality as a composite index enhances investment efficiency and mitigates both over- and under-investment. However … as measured by a single index on investment efficiency in the six Arab Gulf countries, commonly known as Gulf Cooperation …; rights of shareholders and the role of stakeholders; and examines its effect on firms' investment efficiency in 301 non …

efficiency, including overinvestment and underinvestment. By examining the interplay between these complex constructs, this … overinvestment. These findings imply that REM is a critical determinant of investment efficiency. Therefore, reducing REM can enable …The main objective of this study is to empirically examine the impact of REM on various aspects of investment …

We study how interest alignment between CEOs and corporate boards influences investment efficiency and identify a novel … force behind the benefit of misaligned preferences. Our model entails a CEO who encounters a project, gathers investment …

, consumption and investment after two years around 0.5%, 0.3% and 1.5% respectively. Uncertainty on the other economic policies has …

This paper analyzes gender differences in the investment activity of German small and medium sized enterprises (SMEs … if they invest, then their average investment rate is lower. These differences cannot entirely be explained by firm or … owner characteristics. Furthermore, women’s investment is less sensitive to cash flow, which indicates that it is unlikely …

This paper investigates the effects of uncertainty on the investment behaviour using firm-level data for a sample of … invested. Furthermore, the difference between reversible and irreversible investment is crucial. The impact of volatility on … irreversible investment is far more larger than on reversible investment. In some cases, the amount of reversible investment will …