stickiness, habit formation, and sticky information models, among others. -- user cost elasticity ; capital stock ; investment …

, as well as on the effects of increasing "shareholder value orientation" of management's investment decisions. An isolated … increase in the "shareholder value orientation" of management's investment decisions has a uniquely negative effect on capacity … investment and the saving function of the models. "Profits without investment", the "intermediate" case in both models, is a …

We examined investment behavior in the Japanese manufacturing industry using investment revision data to analyze … investment behavior from a fresh angle. We tested the martingale investment hypothesis and then the q-theory of investment by … looking at the response of stock return and investment to news arriving at firms. The martingale hypothesis was generally …

We develop a model of investment with financial constraints and use it to investigate the relation between investment … between q and investment, relative to the frictionless benchmark. We present a calibrated version of the model, which, due to … this effect, generates realistic correlations between investment, q, and cash flow. -- Financial constraints ; investment …

material to the economy's investment prospects and whether the importance of this channel differs depending on the structure of … corporate financing i.e., bank-based or market-oriented financing structures. Based on a dynamic business investment error … financial position of non-financial corporations has a statistically significant impact on aggregate business investment growth …

the low carbon-emitting sector, and (ii) reduce real investment and the capital stock in the highly carbon-emitting sector …, while real investment in the sector with low carbon emissions tends to fare better. To apply the theoretical predictions to … low carbon emissions, and (ii) substantial investment reallocation takes place, in particular from the manufacturing …

financial crisis and especially so during the recovery phase. This resulted in a persistent and growing investment gap between …

The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this … paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under … capital stock and, explicitly, of stochastic changes on the interest rate-investment hysteresis. Starting with hysteresis …

During the U.S. Great Recession, investment declined more among firms whose indebtedness increased. Instead of investing …

We use new firm-level estimates of the cost of capital and uncertainty to study the drivers of UK business investment … in a neoclassical investment model. We construct firm-specific measures of the cost of capital and uncertainty and use … new UK survey data to estimate firm-specific investment hurdle rates. There is substantial variation in the cost of …