retirement investing behavior. The authors developed and tested two modifications to the section on investment performance on the … same hypothetical task allocating retirement investments over a range of six possible typical investment fund options … investigated order effects by randomizing the presentation order of the six investment options. Alternative representations of the …

This paper studies the behavior of two firms after a new investment opportunity arises. Examples of such an investment … types of separating equilibrium are possible when investment costs are private information. In the first type, the firm with … illustrate that when first-mover advantage is large, the firm that delays the investment should be almost certain about the rival …

We examine how firms' vertical structure affects investment under output price uncertainty. Exploiting a unique … under exogenous oil price uncertainty shocks. This finding is consistent with a real option model of investment, where a … higher level of capital irreversibility amplifies the uncertainty effects on actual investment. We demonstrate that our …

We consider a real options model for the optimal irreversible investment problem of a profit maximizing company. The … two independent geometric Brownian motions. After paying a constant sunk investment cost, the company sells the products … on the market and thus receives a continuous stochastic revenue-flow. This investment problem is set as a twodimensional …

similar investment subsidies were implemented in the same country, two years apart: once during a period of economic stability … offer an important policy opportunity to encourage investment. …

similar investment subsidies were implemented in the same country, two years apart: once during a period of economic stability … offer an important policy opportunity to encourage investment …

information of the client-specific audit risk to avoid audit failure and induce more efficient investment decisions. Despite … result, mandatory disclosure may impair audit quality, escalate total audit fees, and reduce investment efficiency, making …