Review of Chinese outward direct investment -- Overseas direct investment by Chinese enterprises : a survey (2005-2016) / Chen Meng, Zhihua Lyu and Chunyang Jiang -- From "world factory" to international capacity cooperation : China's evolving role in the global value chain / Xuedong Ding --...

In der Dezember-Umfrage des Ökonomenpanels von ifo und FAZ wurden Professoren für Volkswirtschaftslehre an deutschen Universitäten nach ihrer Meinung bezüglich verschiedener Reformvorschläge für die Eurozone sowie insbesondere zur Schaffung einer gemeinsamen europäischen...

Review of Chinese outward direct investment -- Overseas direct investment by Chinese enterprises : a survey (2005-2016) / Chen Meng, Zhihua Lyu and Chunyang Jiang -- From "world factory" to international capacity cooperation : China's evolving role in the global value chain / Xuedong Ding --...

The relationship between uncertainty and managerial flexibility is particularly crucial in addressing capital projects. We consider a firm that can invest in a project in either a single (lumpy investment) or multiple stages (stepwise investment) under price uncertainty and has discretion over...

Capital expenditures of U.S. public firms, relative to total assets, decrease by more than a half from 1980 to 2012. The decline is pervasive across industries and firms of different characteristics. The decline is not explained by time variation in industry composition in the economy, firms'...

We study the efficiency of capital allocations at state-controlled and privately owned business groups in China. Using highly granular data on within-group capital transfers, we document stark differences: while private groups allocate more capital to units with better investment opportunities,...