investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …

investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …

We document the empirical fact that asset prices in the consumption-goods and investment-goods sector behave almost …

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and … ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns … economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have …

The paper aims to examine the effects of global economic policy uncertainty and monetary policy on corporate investment … that monetary policy, relative risk in fixed investment, and the risk-adjusted return gap between financial and fixed … uncertainty impedes real investment. In addition, findings also expect that investment depends on internal funds extracted from …

, scope, and investment decisions, and we outline their connection to recent macroeconomic and financial trends in the US …