This paper uses a neoclassical investment model extended with installation costs for capital, agency costs for … investment financing, and the possibility of the firm being output constrained as a framework for an empirical analysis of … investment behaviour in the Swedish manufacturing industry. The theory is implemented within a multivariate error …

To study the impact of stochastic interest rates and capital illiquidity on investment and firm value, we incorporate a … of the stochastic interest rates and capital illiquidity on investment, Tobin's average q, the duration and user cost of …

We study the effects of monetary-policy-induced changes in Tobin's q on corporate investment and capital structure. We … evidence, and quantify the relevance for monetary transmission to aggregate investment …

Output growth, investment and the real interest rate are all found empirically to be negatively affected by inflation … investment falls and a positive Tobin effect when the real interest rate rises. We define inflation's Tobin effect more … occurrence of all three negative inflation effects, on growth, investment and real interest rates, in a model calibrated to …

In a multiperiod investment framework, firms with high expected growth earn higher expected returns than firms with low … expected growth, holding investment and expected profitability constant. This paper forms cross-sectional growth forecasts, and …

investment" and the growth of "real capital". But as we shall see, in reality, the best time for capitalists is when their "real …

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 …