The aim of this paper is to investigate the issue of R&D investment and the market value of the firm. This idea dating … estimating the marginal effects of R&D investment with Tobin's q on a small economy such as R. Macedonia. The results exert … positive and statistically significant relationship between market value of the firms and R&D investment …

shareholders and managers in which managers have private benefits or private costs of investment. Managers overinvest when they … compensation, investment, and firm performance for both cases. The relationship between firm performance and managerial incentives …, in isolation, is insufficient to identify whether managers have private benefits or private costs of investment. In order …

We analyze private fixed investment in the U.S. over the past 30 years. We show that investment is weak relative to … two broad categories of explanations: theories that predict low investment because of low Q, and theories that predict low … investment despite high Q. We argue that the data does not support the first category, and we focus on the second one. We use …

information about future investment opportunities. I examine whether this feature of alliances hinders the market's ability to … correctly assess the investment opportunities of firms in alliances. Supporting this prediction, more connected firms in a … network of alliances have a lower sensitivity of investment to stock price. Several alternative channels related to firm size …