's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …

demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

The real options tradition originally predicted a decreasing relationship between uncertainty and investment, through … probability is not the best measure of investment. The sign of the total effect is again ambiguous. This ambiguity is illustrated …

investment - results that are consistent with the model's predictions. …

In this paper we study a continuous time, optimal stochastic investment problem under limited resources in a market … with N firms. The investment processes are subject to a time-dependent stochastic constraint. Rather than using a dynamic …

will be different for the two firm types. This in turn will affect the investment incentives and distort capital and labour …

ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a …

transmission of bank distress to the real economy-in particular, to real investment and labor employment by nonfinancial firms. We … supply downsize their real investment and labor employment significantly. This effect islarger for firms that are unable to …

How important are bank loans for corporate investment? A joint research paper by DIW Berlin, University of Hohenheim … their credit supply. As a consequence, firms have to downsize their investment spending and labor employment. This way, bank … distress spills over to the real economy. However, the reduction in investment is smaller than the reduction in banks' credit …