only the stock market boom and associated rise in investment spending and employment in the period 1995-2000 but also the … subsequent decline in employment, in Tobin’s Q and in investment spending in 2001, with consumption holding up well as …)-producing sector is good for jobs and is a major driving force behind the non-inflationary employment miracle and booming stock market …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

According to the neoclassical theory of investment, if firms’ accruals are a form of short-term investment they should … investment perspective, as both cash-flows and Tobin’s q are found strongly significant regressors of firms’ accruals …

The paper studies the interaction between cyclical uncertainty and investment in a stochastic real option framework … of the link between cyclical uncertainty and investment is quantified using simulations of the model. The chief …

In a frictionless milieu retentions should have no impact on investment behavior. However, empirical studies typically … find that retentions are an important determinant of investment. Managerial discretion and financial constraints are two … of retentions as a determinant of investment. Measures of Tobin’s Q, marginal q and sales accelerator are used to control …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow. …

In a frictionless milieu retentions should have no impact on investment behavior. However, empirical studies typically … find that retentions are an important determinant of investment. Managerial discretion and financial constraints are two … of retentions as a determinant of investment. Measures of Tobin’s Q, marginal q and sales accelerator are used to control …