find that during periods of import tariff cuts and the global financial crisis, investment and firm value are higher for …

Using listed firms of Japan, this paper examines the changes of R&D investment decisions during high economic policy … uncertainty. Following the methodology of Bloom (2007), we find that firms are more responsive to their previous R&D investment …&D investment during high uncertainty. Finally, firms which use nomination committees, which allows more outside directors to join …

This paper studies the effects of changes in uncertainty on optimal leverage and investment in a dynamic firm … the larger shocks. Initially deleveraging leads to a drop in investment. Investment recovers as entrepreneurs build up net … optimal leverage and investment dynamics. Financial innovation amplifies the effects of uncertainty shocks …

This paper empirically examines how real estate risk impacts corporate investment and financing decisions. Using a … particular salient during the financial crisis period when the endogeneity between risk and investment is less of a concern. The … the real estate value, real estate risk exposure exhibits mostly the opposite effects on investment, financing and capital …

investment and idiosyncratic risk in the absence of agency problem. A simple real options model predicts that the negative … relation between corporate investment and idiosyncratic risk is a U-shaped function of the level of idiosyncratic risk …: investment responds the most when idiosyncratic risk is at the intermediate level. And the negative relation is stronger when …

This paper empirically examines how real estate risk impacts corporate investment and financing decisions. Using a … particular salient during the financial crisis period when the endogeneity between risk and investment is less of a concern. The … the real estate value, real estate risk exposure exhibits mostly the opposite effects on investment, financing and capital …

This paper examines the effects of firm-level common ownership on the level and efficiency of investment when firms … a deadweight loss for the economy through decreased investment. Proponents of common ownership suggest that it allows … firms to increase investment due to a reduced threat of involuntary knowledge spillover to rivals. This study contributes to …

We study the effects of uncertainty on corporate leverage adjustments with respect to investment spikes and find that … overlevered and underlevered firms behave very differently in response to the combination of uncertainty and investment spikes …

This study aims to verify if there is a negative relation between the investment of Brazilian companies and the …