This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … that the marginal return to investment in firm i is the same as the marginal return to investment in firm j ? Second, do … capital budgeting process get within-firm allocations right, so that the marginal return to investment in firm i ’s division A …

This paper investigates the impact of firm leverage on its investment activities. Especially, the research is conducted … between corporate leverage and investment. Regarding methodology, we build the two main types of econometric models … hierarchy on firm investment that the traditional regression model may fail to achieve. We construct three-level predictors …

-biased accounting system performs better than a neutral accounting system, and a more downward bias helps mitigate both investment and …

The study investigates the role of financial development in boosting the investment efficiency of firms' investments in … concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more … likely to increase (decrease) their investment' in the response of underlying financial development in the economy. This …

A theory of capital structure in which costs associated with asymmetric information are the sole friction is used to … present a new perspective on the standard pecking order theory. In the model, both the amount of debt and the restrictiveness …

We present a tradeoff theory of capital structure in which costs associated with asymmetric information are the sole …

We propose a theory of optimal firm financing given nested information problems of adverse selection and agency cost …