This paper empirically verifies that the types of capital adjustment costs serve as an important mechanism in relation … affect busin ess cycles. Specifically, it is found through empirical methods using corporate financial data that capital … economy. In particular, capital adjustment costs are empirically proven to cause investment dispersion to expand given that …

capital raising in international markets is related to firms´ ability to react to financial shocks. I provide a complete … financing behavior. Firms that raise capital internationally have a lower correlation with the local GDP growth, and grow more … highly dependent on the determinants of the issuance decision. The descriptive analysis show that international capital …

The purpose of this work is to empirically assess the validity of the Capital Asset Pricing Model (CAPM) in terms of …