between firm-level capital investment and the aggregate level of uncertainty associated with future policy and regulatory … outcomes. More importantly, we find evidence that the relation between policy uncertainty and capital investment is not uniform … in the cross section, being significantly stronger for firms with a higher degree of investment irreversibility and for …

We investigate the potential for statistical forecasting of aggregate oil and gas investment on the Norwegian … random walk benchmark in an out-of-sample environment. Second, lags of investment growth, crude oil price growth and realized … volatility is found to be adequate predictors for the investment growth. Finally, there is a clear benefit from re-estimating the …

We examine the relationship between real exchange rate fluctuations and firm-level investment and growth using data for … real depreciations boost profits, investment, and asset growth of tradable sector firms that have higher labor shares and … depreciations boost profits by reducing real product wages, spurring investment of labor-intensive but financially-constrained firms …

We investigate the impact of employee treatment on labor investment efficiency. We provide evidence that employee …-friendly treatment is significantly associated with lower deviations of labor investment from the level justified by economic … fundamentals, i.e., higher labor investment efficiency. The effect of employee treatment on labor investment efficiency is stronger …

The accuracy of firm information disclosures and the efficiency of long-term investment both play crucial roles in the … managers confront realistic incentives to misreport financial statements and distort their real investment choices. Managers in … this misreporting through disclosure regulation is possible, it incentivizes managers to distort real investment, which …

Leading production-based asset pricing models predict that the sources of fluctuations in real investment and (scaled …-implied marginal Q. We find that the bulk of fluctuations in Q (or alternatively, aggregate investment) is driven by expected … investment return (discount rate) shocks. Yet, expected marginal profit shocks play a non-negligible role. Our findings are …

I study how a firm's ability to hire skilled workers affects corporate investment. To this end, I exploit a 2003 policy … reduction in the cap caused a significant decrease in the investment rate of firms that were ex-ante more reliant on H-1B …, can hinder corporate investment …

between routine and "investment spike" financing. This study documents significant heterogeneity in investment spike financing …, particularly by firm size. Further, when spike size or pre-investment leverage is larger, unlike large firms, small firms issue … less equity. These results suggest that small firms' financing patterns around investment spikes are consistent with the …

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 …

This article explores the economic effects of checks and balances on corporate investment and employment. I use U … political agenda. I find that both public and private firms respond to the political cycle by reducing investment and hiring … when government becomes unified. Investment drops by three to five percent in the year following an election resulting in …