This paper studies the aggregate implications of microeconomic investment irreversibility and idiosyncratic uncertainty … in a simple growth model by highlighting real option effects. We endogenize the drift rate of real option by connecting … sector and show the different implications of idiosyncratic and aggregate uncertainty on growth dynamics. …

between growth and investment; this association is enhanced by leverage, especially for high-growth firms. This supports the …The study aims to investigate how relying on short-term debt may help Chinese listed firms to make efficient investment … decisions and reduce overinvestment problem for low-growth firms. The study uses a large set of panel data of non …

If the relation between investment and economic growth is well established in the macroeconomic literature, the … linking investment and firm performance in the French and Italian manufacturing industries. It does so by putting forth a … novel methodology to identify investment spikes that corrects for size dependence. While maintaining the desired properties …

We examine firms' simultaneous choice of investment, debt financing and liquidity in a large sample of US corporates … affect the corporate decisions of unconstrained firms more strongly than those of constrained firms. Investment-cash flow … sensitivities are particularly intense for unconstrained firms with high hedging needs. Investment opportunities (as proxied by Q …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …