We study the time-varying effects of Tobin's q and cash flow on investment dynamics in the USA using a vector … variation over time of the response of investment to shocks in both variables. The time-varying sensitivity of investment to a … show that, although Tobin's q and cash flow are complementary sources of information for investment decisions, their …

, size, value, momentum, cashflow volatility, leverage, investment growth, term risk, and default risk. We empirically test …

In this paper, we discuss the time series properties of a novel daily series of aggregate employment creation and … duration, which seems to have exacerbated the spikes in employment flows over the calendar year. First, we identify calendar …, we investigate the importance of calendar effects for aggregate employment dynamics. We find that the employment growth …

We develop a model of investment, payout, and financing policies in which firms face uncertainty regarding their … between retention and payout, between internal or external financing of investment, and between speculation and hedging. In … the model, investment and payout do not always increase with slack for constrained firms and the choice between internal …