demonstrates the neutrality properties of the reform with respect to investment, firm financial decisions and organizational choice …. Tax rates are chosen to prevent income shifting from labor to capital income. The reform decisively strengthens investment …

In this paper we describe a theoretical model of optimal investment of various types of financially constrained firms …. We show that the resulting relationship between internal funds and investment is non-monotonic. In particular, the … magnitude of the cash flow sensitivity of the investment is lower for firms with credit rationing compared to firms that are …

The optimal investment-dividend policy of a financially constrained firm whose earnings are subject to additive shocks …

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 …

have a significantly higher investment-cash flow sensitivity than comparable private firms. These differences in investment … agency-based explanation, since differences in investment-cash flow sensitivities can only be observed for the unexpected …. Our study adds a new aspect to the ongoing debate on the effect of a stock market listing on a firm's investment decisions …

We develop a model to examine the timing of investment decisions in relation to the issuance of convertible debt by … firms. Our model shows that when the demand shock has higher volatility, the firm finances the investment cost with high … tend to defer investments. Furthermore, we examine the investment decisions in which the convertible debt includes a call …

neoclassical investment model with time to build. This model also serves as the base for the empirical work, where an error …

I devise a novel way of linking the neoclassical theory and the q-theory of investment that does away with the need to … complements with diminishing returns – firm investment/capital ratio depends on capital intensity, after factor-biased technical …

In this paper we perform a meta-analysis on empirical estimates of the impact between investment and uncertainty. Since … investment research. For example, not including factor prices in investment models may seriously affect the model outcomes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ …

Evidence that cash flow has a significant effect on company investment spending, after controlling for Tobin's average …