This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … that the marginal return to investment in firm i is the same as the marginal return to investment in firm j ? Second, do … capital budgeting process get within-firm allocations right, so that the marginal return to investment in firm i ’s division A …

investment-cash flow sensitivity as a metric to represent finance constraint of firms can be misleading. This is because cash … flow apart from signaling change in net worth may also signal investment opportunities of firms. Following Hovakimian and … investment opportunities unless they are financially constrained. We study private Indian manufacturing firms in the period 1994 …

corporate policies. To that end, we build, solve, and estimate a range of dynamic models of corporate investment and financing … observed corporate investment and financing policies across various samples. Our tests, based on empirical policy function …

In a sample of 485 Chinese public high-tech companies, we show that the R&D investment is significantly dependent on …

financial crises. Firms subject to mutual fund flow-driven selling pressure reduce share issuance and investment, whereas firms … experiencing buying pressure do not increase investment, although they issue more equity. Firms under extreme selling pressure cut … quarterly investment by 0.075 percentage points of total assets, which is 4.3% of the average quarterly investment in our sample …

kinds of current assets investment influences: positive, linked with cash revenues stimulation and decreasing level of risk …

The study investigates the role of financial development in boosting the investment efficiency of firms' investments in … concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more … likely to increase (decrease) their investment' in the response of underlying financial development in the economy. This …