This paper studies corporate risk management in a context of financial constraints and imperfect competition in the product market. The paper shows that interactions between firms affect their hedging strategies. As a general rule, firms' hedging demands decrease with the correlation between...

I develop a continuous-time model to examine how the interaction between competition and financial constraints affects firms' research and development (R&D) strategies. The model integrates two key characteristics of R&D investment: accelerability (i.e., higher R&D intensity leads to faster...

A firm's leverage increases its bargaining power and reduces suppliers' relation-specific investment, and so does competition among suppliers. We explore the interaction between leverage and supplier competition, and find that firm leverage decreases with the degree of competition among...

I measure the welfare gains from eliminating fluctuations in investment in an emerging economy such as Argentina. The estimated welfare effects are an order of magnitude higher than those for the US and arise with moderate degrees of diminishing returns to investment.

This paper aims to capture the favored both national and individual saving and investment perceptions of the Turkish youth. Also, the research contributes to the understanding of the common preferences of the youth and focuses on perceptions over their home country's saving-investment decisions....

This paper aims to provide an introduction and overview about the social investment market for OECD member countries. Social investment is becoming increasingly important as a way to address both social and economic challenges. Several OECD member countries have been active in creating policies...

This paper aims to capture the favored both national and individual saving and investment perceptions of the Turkish youth. Also, the research contributes to the understanding of the common preferences of the youth and focuses on perceptions over their home country's saving-investment decisions....

How does public and private information affect equilibrium and welfare in an economy with investment complementarities? And what is the optimal transparency in the information disseminated by economic data or policy announcements? When complementarities are weak so that the equilibrium is always...

We develop a theoretical model of security investments in a network of interconnected agents. Network connections introduce the possibility of cascading failures, due to an exogenous or endogenous attack, depending on the profile of security investments by the agents. The general presumption in...