Developing Asia's infrastructure gap results from both inadequate public resources and a lack of effective channel to mobilize private resources toward desired outcomes. The public-private partnership (PPP) mechanism has evolved to fill the infrastructure gap. However, PPP projects are often at...

Peer effect is attractive as firms try to mimic financial decisions taken by one another. The current study explores the impact of peers' investment decisions on corporate firm's investment decisions. To capture this essence, the study utilized firm-specific characteristics as well as peer...

This paper explores how a principal with time-inconsistent preferences invests optimally in technology or capital. If the current principal prefers her future self to save more, she can increase current investments complementary to future savings and decrease investments in the strategic...