finance the utility's investment program. Cross-sectional regressions reveal no relation between offer-induced price effects …

through market-timing and catering, after controlling for growth and financial slack. This investment-mispricing link is more … sensitivity of investments to mispricing is a function of the nature of mispricing, the type of investment, and the firm …

investment - results that are consistent with the model's predictions. -- investment ; stock market ; bubble ; dispersion …

We document sizeable and surprising differences in investment behavior between stock market listed and privately held … responsive to changes in investment opportunities compared to matched private firms, even during the recent financial crisis … that investment behavior diverges most strongly in industries in which stock prices are particularly sensitive to current …

We investigate whether short-termism distorts the investment decisions of stock market listed firms. To do so, we … compare the investment behavior of observably similar public and private firms using a new data source on private U.S. firms … compared to private firms, public firms invest substantially less and are less responsive to changes in investment …

This paper investigates investment behavior across public and privately held firms using a novel firm-level dataset. We … invest more than their non-listed counterparts. In addition, their investment decisions are significantly more sensitive to … changes in investment opportunities, and they respond more aggressively. These results constitute evidence rejecting the …

of stock market liberalization on corporate investment and address some of the data and methodological concerns raised in … previous studies. Our difference-in-differences analysis shows that the reform boosts the investment of investable firms … relative to non-investable firms. It also makes the investable firms' investment more responsive to growth opportunities …

This study examines the impact of stock market liberalization on corporate investment and its underlying mechanisms in … that stock market liberalization improves corporate investment by relieving financing constraints and restraining … has a positive effect on managerial investment decisions …