This paper examines the role of corporate balance sheet positions in determining Slovenian firms' investment behaviour … between the balance sheet variables and investment across various sectors is examined. The results indicate that indeed … balance sheet strength is an important determinant of Slovenian firms' investment behaviour. Moreover, this relationship is …

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 …

We document that 20% of Compustat firms have above-median investment rates despite having below-median marginal product … features of the cross-section of firms and allows for counterfactual analysis. Hypothetical firm investment policies that … ignore the potential for future jumps reduce MPK and investment dispersion but also lower aggregate productivity …

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 …

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 …

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 …

Foreign direct investment (FDI) is often seen as a means to boost domestic investment and, hence, capital accumulation …. Yet, the empirical support for such a positive investment effect of FDI is inconclusive. A possible reason is that FDI is … often directed towards the financial sector, where capital investment tends to be low. In this paper, we first explore the …

taxes impair subsidiary-level investment efficiency. Consistent with internal agency conflicts between the central …-level investment efficiency while reducing the level of investment. Our paper provides timely empirical evidence to inform expectations …

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