cash flow hypothesis and signaling theory of dividends. Dividends and investment might be a tool to mitigate managerial … and investment. We analyzed 419 companies from the Warsaw Stock Exchange and covered the period of 2007-2020 with 4 …,760 firm-year observations. We prepared regression models for the dividend and investment ratio depending on the company …

examines the impact of utilizing financial derivative instruments on corporate investment. We document that engaging in … borrowing. Although financial hedging serves as a vehicle for firms to bring their inorganic investment plans to fruition by … facilitating their financing, it also leads to inferior investment choices when conflicts of interest among managers and …

effects of regime uncertainty on a firm's strategic investment decision, taking into consideration the remaining time to the …

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 …

, investment and financial policies on the higher moments of their stock return distributions. We introduce novel channels showing … that cash-flow hedging and capital investment by firms affects their future stock return distribution. Hedging by firms … investment counteracts these effects. Using hand-collected hedging data from energy-related firms, we find empirical results …