This paper examines the effect of a change in U.S. trade policy on the domestic investment of U.S. manufacturers. Using … uncertainty exhibit relative declines in investment after the change in trade policy. Within industries, we find that this … increase in investment. We also find evidence that establishments' investment activity is smoother following the policy change …

as follows: (1) neither the FF investment factor nor the HXZ investment factor earns a significant return in the Chinese … the four HXZ factors, namely size, profitability, and investment, cannot be explained by the five FF factors; (4) the best …

This paper examines the dynamic relationship among cash flow, R&D investment and profitability. Previous empirical … individual fixed effects. We find that the positive impact of R&D investment on profitability over the long term, which indicates … confirms the importance of R&D investment and financing constraint in improving firm profitability …