countries, industry sector of the company making the IT investment has little effect on the market reaction. Also similar to the …

We provide evidence that firms with weak investment opportunities (those whose current earnings justify a greater … valuation than firms with strong investment opportunities) signal their permanent earnings level through their dividends. In the … investment opportunities. Intertemporally, when aggregate investment opportunities are worse, firms convey more earnings …

this theory have not yet been directly tested. I investigate the relationship between derivative cash flows and investment …A crucial argument for motivating hedging is that it supports corporate investment when internal cash flows are … using hand-collected data from the oil and gas industry between 2000 and 2015. The data supports the theory. On average …

' capital investment decisions. The efficiency of stock prices is determined by the weight firms attach to private information … and by the extent to which investment is predictable. Both factors attract informed trading and lead to more revealing …

This study investigates the effect of stock market overvaluation of non-peer firms on firm investment measured by … Classification (TNIC) codes are used. The results indicate that firm investment is negatively associated with the overvaluation of … non-peer firms. Using a path analysis, it is shown that the misvaluation of non-peer firms influences firm investment …