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 …

investment and steepened term structure as transmission mechanisms. …

investment and steepened term structure as the transmission mechanisms. …

We study how macroeconomic, firm-level and higher-order uncertainty affects real corporate investment in firms with …-holders are required to file indicating their active or passive status. Our main results are as follows. First, investment is more … all types of uncertainty shocks has a higher negative effect on investment rate for firms held by active block …

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 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 …

This paper investigates investment and disinvestment decisions when an investor finances debt to fund the lump-sum cost … at the time of investment. The study examines investment timing decisions in a frictionless financial market. By … investment decreases while the trigger price for disinvestment increases. Such an investor hastens both investment and …