investment using firm-level data from around the world to see whether the legal environment, including corporate governance and … monitoring mechanisms, and financial development are important in the profitability of capital investment.Research Findings …/Insights: Using firms in 40 countries over the period 1988–2004, we find that the causality from earnings to capital investment is …

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 outco! mes … can explain to a large extent why empirical estimates of the investment-uncertainty relationship differ. …