reducing liquidity. Furthermore, risk information causes the firm's price to contain more information when its investment …

remain low and investment activity is weak. This questions current economic policies of the Economic and Monetary Union … investment volume of 315 billion Euro should be made available, enabled by 21 billion Euro of public money. The budget … expansive public investment conducted through these Synergetic Financial Instruments and thus gathers information to undertake …

A detailed treatment of aggregation and capital heterogeneity substantially improves the performance of the investment … capital. The model fits well the value, momentum, investment, and profitability premiums simultaneously and partially explains … profitability premiums, as well as the countercyclical and long-term dynamics of the value and investment premiums. However, the …

model from valuation theory, which predicts a positive relation between the expected investment and the expected return …

level. The firm-level investment rate distribution is highly skewed to the right, with a small fraction of negative … estimated via simulated method of moments, the standard investment model explains the average value premium, while … simultaneously matching the key properties of the investment rate distribution, including the cross-sectional volatility, skewness …

entails changes in real corporate actions. We document a positive relation between abnormal trading volume, future investment … expenditures, and fi nancing cash flows. This positive relation is not subsumed by the arrival of investment-related news or other …

The paper investigates the relationship between the investment holding horizon and liquidity. I confirm and expand … investment decisions, which is an extension of the earlier findings of Teo (2011) for hedge funds …