reverting processes are rarely used in investment models in the literature. In most models, geometric Brownian motion processes … investigations of aggregate industry investment …

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 …. Overlevered firms facing high uncertainty converge to their targets substantially faster, whereas their counterparts facing low …

This paper theoretically investigates the effect of uncertainty about future investment on expected stock returns … explain the value premium. Second, we investigate how uncertainty about investment affects expected stock returns. Based on … the closed-form solution in our framework, we suggest that less uncertainty about investment induces lower expected stock …

Initiating a conflict is an investment in social, political or economic change. The decision to attack is sequential in … conflicts ; uncertain investment in conflict ; theory of conflict ; decision to attack …

investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm s value due to profit sharing, linking this reduction to the …

of a central bank's interest rate policy, e.g. in times of low or even zero interest rates and high uncertainty, in terms …The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under …

of a central bank's interest rate policy, e.g. in times of low or even zero interest rates and high uncertainty, in terms …The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under …

of a central bank’s interest rate policy, e.g. in times of low or even zero interest rates and high uncertainty, in terms …The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under …

changes in the interest rate on macroeconomic investment under the scenarios of certainty and uncertainty. We capture the … macroeconomic investment in times of low or even zero interest rates and high uncertainty. Only if the central bank implements …The interest rate is generally considered as a monetary policy tool and, at the same time, via Tobin's q, as an …

interest rate uncertainty is shown to decelerate rational investment demand by raising both the required exercise premium of …The current extensive literature on irreversible investment decisions makes the assumption of constant interest rate … investment project. Given the generality of the considered valuation problem, we first provide a thorough mathematical …