known as intangibles, suggest that their share in overall investment has grown considerably. Still, intangible investment is … rarely present in investment models. In this paper, I extend the q-theory of investment to model explicitly the decision of … movements in the measurement of the contribution of each type of investment to the overall capital stock. In particular, given …

We present evidence that referenda have a significant, detrimental outcome on investment. Employing an unsupervised … policy-related uncertainty. Examining the relationship of these indices with investment on a longitudinal panel of 3 … uncertainty to investment. Our preferred specification suggests that a one standard-deviation increase in Brexit uncertainty …

We investigate how idiosyncratic lender shocks impact corporate investment. Lenders with recent default experience … write stricter loan contracts, leading to a reduction in real investment for borrowing firms. The decline in investment is … evidence suggests that defaults inform lenders about investment opportunities and their screening ability, and adjustments to …

This paper aims to determine factors causing the stagnation of Korean firms' fixed investment after the global … financial crisis, using panel data for the period of 1999-2016. Fixed investment remained sensitive to cash flow and Tobin's q …'s q since the early 2000's imply that the worsening cash flow was a major factor behind the sluggish investment after the …

undertaking a real investment with long term, risky, and taxable payoff. We also find U.S. firms reduce their R&D intensity by … investment opportunities. Evidently, financial slack at an undervalued firm does not necessarily alleviate the underinvestment …

billion investment. The project is expected to bring about flood of opportunities not only for the two main players but other … nations which are found to be interested in making investment. The benefits seem to be game changer and expected to raise …

The empirical performance of the Q theory of investment can be significantly improved by simultaneously considering the … time- and the frequency-varying features of the investment-Q relationship. Using continuous wavelet tools, I assess the … investment-Q sensitivity at different frequencies and its evolution over time, as well as the interaction of the financial cycle …

What drives a firm's investment decisions in China? While most literature focuses on the role of financial factors … fundamentals. Empirical results show that private firms cherish investment opportunities more in China. State-owned enterprises … respond more to the investment opportunities from the supply side, but much less so to demand-side shocks. These findings …

The aim of this paper is to investigate the effect of policy uncertainty on firms' investment decisions. We focus on … this country. We find strong evidence that policy uncertainty reduces corporate investment. Furthermore, the heterogeneous … decrease investment significantly more than their counterparts. Overall, these results are consistent with the hypotheses that …

We study equilibrium investment strategies of firms competing in stochastic dynamic market settings and facing two … types of investment structures: investment with significant lead time (or time-to-build) and investment without (or minor …) lead time. We investigate how investment behavior changes when investment is subject to time-to-build versus when it is not …