framework of entrepreneurial firms’ investment and capital structure decisions with time-inconsistent preferences. We show that …). Time-inconsistent preferences delay investment under both all-equity financing and debt-equity financing. However, the … impact is weakened under debt-equity financing, because debt financing increases the payoff value upon investment and …

The equilibrium price, investment, and capital structure of a regulated firm are examined using a sequential model of …

We build a dynamic model of investment and financing decisions to study the choice between bonds and bank loans in a … firm's marginal financing decision and its effects on corporate investment. We show that firms with more growth options … of investment. We test these predictions using a sample of U.S. firms and present new evidence which supports our theory. …

This paper examines the investment and financial decisions of a sample of 92 EU regulated utilities, taking into … independence matters for both investment and financial decisions. Investment increases under an Independent Regulatory Agency (IRA … privately controlled. Finally political orientation does matter, as firm investment increases under more conservative (pro …

The aim of this paper is to study the impact of the bankruptcy law on financing, investment, default and liquidation … decisions of firms. We build a model in which the firm has the opportunity to get into debt to finance an investment whose … uncertainty, the firm may default. The firm manager takes investment and default decisions in order to maximize the value of …

This paper investigates the capital structure and investment behaviour in Thailand in the early half of the 1990s … determinants of the capital structure and the investment function. We found a lot of interesting results. First, the debt ratio of … various fund mobilization methods, only bank loans, particularly long-term loans, promptly affect equipment investment by …

Personal taxation can be an important determinant of corporate investment and financing decisions if the marginal … investment compared to the zero tax rate case. However, the asymmetry disappears gradually and the investment threshold shifts up …, if investors reset their tax basis before the firm exercises its investment option. Hence, firms that are ex …

has a positive and significant effect on their investment levels. Our results are consistent with the theory that …