, book-to-market equity ratio, profitability, and investment, which outperforms the Fama-French Three-Factor Model in their …-French Three-Factor Model, the presence of profitability and investment factors seem not to capture more variations of expected … profitability. Conclusions: Profitability and investment factors do not have much additional explanatory power, and Fama-French Five …

This study examines the impact of stock market liberalization on corporate investment and its underlying mechanisms in … that stock market liberalization improves corporate investment by relieving financing constraints and restraining … has a positive effect on managerial investment decisions …

investment opportunities in five ASEAN economies. Design/methodology/approach - This paper employs advanced empirical approaches … Indonesia. Results for investment opportunities based on time horizon suggest, for a short-term holding period, investors are …