investment and expected returns. In imperfectly competitive industries, a firm's exposure to systematic risk is jointly affected … by its own investment strategy and the investment strategies of its industry peers, such that the dynamics of its …

Chapter 1. Introduction: Capital Formation, Risk, and the Corporation -- Chapter 2. The Corporation and Other Forms of … and the Cost of Funds -- Chapter 11. Investing in Assets: Theory of Investment Decision Making -- Chapter 12. Regression ….S. Leading Economic Indicators -- Chapter 14. Risk and Return of Equity and the Capital Asset Pricing Model -- Chapter 15. Multi …

explore this possibility, I develop a theory that unifies models of investment choice, informal risk sharing, and formal … inefficiencies. First, borrowers free-ride on their partners, making risky investments without compensating partners for this risk …. Second, the addition of peer-monitoring overcompensates, leading to sharp reductions in risk-taking and profitability. Equity …