the provision of long-term finance. This approach suggests that the separation between the analysis of investment and that …

This Paper investigates the empirical relationship between uncertainty and investment dynamics. This is motivated by … the real options literature, which suggests a weaker response of investment to demand shocks at higher levels of … can be detected as a smaller impact of sales growth on investment for firms facing higher uncertainty. Using a stock …

investment in Germany, and, if so, is this a consequence of bank representation on companies' supervisory boards (which, it is …

’ because the tax liability is offset by a reduction in the post-tax risk of the investment. The Paper argues that this claim is … investment incentives in the presence of risk. Instead it proposes an alternative measure, based on the market value of the pre …

We analyse investment behaviour of the population of medium and large industrial firms located in the Czech Republic in … 1992–5. We examine the relevance of alternative models of investment and test if investment behaviour varies across … control for the significant seasonal variation in investment. The data indicate that foreign-owned companies invest the most …

We analyse the investment behavior of German firms within the framework of the Q-theory. Because we use anonymous … through a vector-autoregressive-model to forecast future profits directly. The estimation results of dynamic investment … equations reveal that Q influences the firm's fixed investment spending significantly. When supplementing the Q-investment …

The traditional marshallian rule of investing when the value of the investment is greater than its installment cost is … from the optimal timing of exercise of the investment and to "herd behavior" or informational cascades given that the …

This study provides an empirical analysis of the macroeconomic factors that can potentially affect investment decisions … order to identify a private investment function for the last three decades (1970-2000). The results suggest that investment … demand. Besides, there is evidence of a “crowding-out” effect of public investment. In the long run, the capital accumulation …