Recent developments in investment research have highlighted the importance of non-convexities and irreversibilities in … and structures and construct measures of fundamental Q to capture investment opportunities associated with each asset. To … uncover the pattern of dynamic adjustment we use non-parametric techniques to relate each individual investment to own …

the impact of concession length and investment timing flexibility on the "concession value." It is generally argued that …. Moreover, the real option theory suggests that investment flexibility has an intrinsic value, as it allows concessionaires to … investment timing flexibility, should always result in higher concession values. Our result suggests that this is not always the …

performance, in particular when the innovative effort is continuous. This paper aims to further the analysis on the duration of R …&D investment at the firm level. The contribution of this study is threefold: first, we extend Máñez et al. [2014], Triguero et al … view of R&D duration within the European countries. Secondly, from a methodological point of view, we employ both discrete …

-equation model in which firms make interdependent decisions in financing, investment, and distribution, under the constraint that … and debt for R&D financing. R&D and physical capital investment are likely to be complementary for mature, but not for …

ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a …

Abstract We study the classical relationship between a firm’s investment and Tobin’s q for which unobserved … significant factor of investment even after controlling for the productivity and that investment becomes less sensitive to q and …

We study a firm's optimal investment timing and capacity decisions in the presence of uncertain time-to-build. Because … the follow-up investment can be shorter than those of the initial project due to learning by doing. We derive the optimal … investment strategies in each scenario and examine the impact of time-to-build on the investment dynamics. We show that both the …

This paper develops and estimates a model of firm-level fixed capital investment when firms face borrowing constraints …. Dynamically optimal investment functions are derived for the firms with and without financial constraints. These policy functions … are then used to construct the likelihood of observing each of the investment regimes in the data. Structural parameters …