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 …

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 paper develops a model of a monopolistically competitive industry with extensive and intensive business investment … and shows how these margins respond to changes in average and marginal corporate tax rates. Intensive investment refers to … the size of a firm's capital stock. Extensive investment refers to the firm's production location and reflects the trade …

investment on the extensive and intensive margins responds to changes in the effective marginal and average tax rates. Intensive … investment reflects the marginal expansion of established businesses. Extensive investment refers to the location of new …

This paper develops a model of a monopolistically competitive industry with extensive and intensive business investment … and shows how these margins respond to changes in average and marginal corporate tax rates. Intensive investment refers to … the size of a firm's capital stock. Extensive investment refers to the firm's production location and reflects the trade …

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

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

What drives a firm's investment decisions in China? While most literature focuses on the role of financial factors … fundamentals. Empirical results show that private firms cherish investment opportunities more in China. State-owned enterprises … respond more to the investment opportunities from the supply side, but much less so to demand-side shocks. These findings …

the growth of portfolio companies. For this purpose, we use a longitudinal research design and track sales, total assets … and payroll expenses in 761 European technology companies from the year of initial venture capital investment up to seven … growth in the short term compared to companies backed by cross-border investors. In the medium term, companies initially …