This paper (i) provides evidence on the procyclical investment behavior of major institutional investors during the … implications of procyclical behavior; and (iv) proposes a framework for sound investment practices for long-term investors. Such … procyclical investment behavior is understandable and may be considered rational from an individual institution’s perspective …

This paper proposes a possible framework for identifying excessive investment. Based on this method, it finds evidence … that some types of investment are becoming excessive in China, particularly in inland provinces. In these regions, private … consumption has on average become more dependent on investment (rather than vice versa) and the impact is relatively short …

implementation of the infrastructure investment program, higher domestic saving, and structural reforms. …

This article studies the impact of investment irreversibility, delivery lags, and adjustment costs on the firmâ …€™s optimal investment policy in a world of uncertainty. The source of uncertainty is a future change in the corporate profits tax …

The current debate on the taxation of business income highlights the need for the tax to not distort investment … decisions. A tax on business income that permits immediate expensing of all outlays (including investment outlays) is shown to … shown to be a tax on both pure profits and the ‘normal’ interest earned on investments. Neither tax distorts investment …

regulatory changes that would reverse European financial integration. We also find that, following a financial crisis, investment …

suggest that in the long and short run, financial development and investment exerted a positive impact on economic growth. The …