I develop a dynamic model of investment timing in which firms must first choose when to search for external financing …. Search is costly and the arrival of investors is uncertain, leading to delay in financing and investment. Depending on … parameters, my model can predict simultaneous financing and investment or early financing prior to investment. Additionally, the …

We show how directors can set the strength of a firm's anti-takeover provisions in order to influence the investment …

We report laboratory experiments investigating the cyclicality of profit-enhancing investment in a competitive … environment. In our setting, optimal investment is counter-cyclical when investment costs fall following market downturns. However …, we do not observe counter-cyclical investment. Instead we see much less strategic behavior than our rational investment …

We investigate the roles played by unexpected demand shocks, besides productivity, on firms' capital investment and … productivity and demand shocks are both significant factors determining firm behavior, the former is more dominant for investment … productivity, are important factors when analyzing capital investment and firm exit decisions …

intermediate good in-house and outsourcing it to a nonunionised foreign supplier that makes a relationship-specific investment in …

This study investigates the strategic disclosure of a downstream firm’s information regarding cost-reducing investment … convey an aggressive investment (i.e., lower marginal costs) to a rival downstream firm when the products are sufficiently … differentiated. Moreover, we show that the downstream firm may disclose its information and pursue its investment at a minimum level …

stand to significantly influence both the preference for and timing of disclosures. Interestingly, while investment …

We investigate firms' optimal investment timing and capacity decisions in the presence of time-to-build and competition …. Due to the uncertainty in time-to-build, the product of the leader who makes the first investment might enter the market … later than that of the follower. We show that a firm dominated by investment lags can become a leader and that the leader …