The Homeland Investment Act provided a tax holiday for the repatriation of foreign earnings. Advocates argued the Act … shows that repatriations did not increase domestic investment, employment or Ramp;Dmdash;even for firms that appeared to be …

smaller developing countries relate to their success or failure in attracting foreign investment capital. The central purpose … information cost effects on incoming investment are profound for small nations seeking to attract foreign capital for continued … abroad with ongoing links to the country, and no unique natural resources to draw inbound investment. In such circumstances …

investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …

returns equal levered investment returns, which are tied directly to firm characteristics. When we use GMM to match average … levered investment returns to average observed stock returns, the model captures the average stock returns of portfolios … sorted by earnings surprises, book-to-market equity, and capital investment. When we try to match expected returns and return …

returns equal levered investment returns, which are tied directly to firm characteristics. When we use GMM to match average … levered investment returns to average observed stock returns, the model captures the average stock returns of portfolios … sorted by earnings surprises, book-to-market equity, and capital investment. When we try to match expected returns and return …

. Price informativeness is significantly correlated with corporate investment efficiency. For international investors, China …

The arrival of new, unfamiliar, investment opportunities is often associated with "exuberant" movements in asset prices … signals about the profitability of the new investment opportunities, and vice versa. In this paper, we study how such …