-to-build window. We conclude that, while a higher quality advancement upon investment and a higher growth rate in market demand make …This paper investigates strategic investment policies in a duopolistic continuous-time real options game. Our … contribution is twofold, economic and methodological. The former is the recognition that, under fixed costs of investment and time …

In this paper we investigate to what extent firm investment in transition countries is sensitive to internal finance …

firms' investment ratio. Changes in user costs are significantly affected by changes in the monetary policy indicator. In … addition, firm specific balance sheet characteristics, such as the lagged cash stock to capital ratio influence the investment …, are more sensitive to user cost changes, sales growth and the lagged cash to capital ratio …

Strategic restructuring of firms through investment is key to a transition from plan to market. Using data on … rationed. Given the large volume of non-performing bank loans to firms and the high rate of investment of large state owned and …

This paper proposes a macro function of investment to capture the key determinants and explore the mechanism of the … determination of aggregate investment. The long-established empirical findings in the field are that investment and output are … strongly correlated while costs of capital have little correlation with investment. They are considered as unsuccessful because …