The purpose of this work is to verify the existence of financial constraints for investment in Brazil, an emerging … market with growing international visibility. Using panel data methodology and GMM, we estimate dynamic investment models …-2006. Our findings show that Brazilian firms face financial constraints since their investment depend on internally generated …

them set up as Foreign Direct Investment (FDI). This industry offers a peculiar advantage as a laboratory for social … science when exploring cash-flow sensitivity: given time to build, investment decisions depend on the expectations of the long … considered Foreign Direct Investment in the Balance of Payments, at least in the short run, a significant fraction of it does not …

investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …

This study investigates whether economic policy uncertainty (EPU) magnifies peer effects in corporate investment in …' investment activities, we show that peer effects are stronger when EPU is higher. We also find that greater EPU lowers the …

kinds of current assets investment influences: positive, linked with cash revenues stimulation and decreasing level of risk …

A new indicator of profitableness (DIRR) of the investor and recipient of the investment project is proposed, which is …

investment opportunities abroad that would provide an outlet for the foreign cash and affect how the market values it. This paper … US firms, and the impact of the interaction of the repatriation tax and investment opportunities on this difference. The … value of foreign-held cash is substantially higher than that of domestic cash for US firms with better foreign investment …

investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …

In this paper, we analyze the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the uncertainty effect …

In this study, we analyse the effect of financial uncertainty on corporate investment using firm-level panel data from … the Republic of Korea. We find that financial uncertainty has a significant negative effect on corporate investment, and … constraints and investment irreversibility amplify the negative effect of uncertainty. The inverted U-shaped curve of the …