marginal cash-savings rate that overstates individual issuers’ cash savings. Equity issuers with high investment opportunities …

This paper studies changes in managers' investment decisions in response to short-term cash flow shocks. Using the … novel setting of the 1999 Taiwan earthquake and a difference-in-differences design, I find managers reduce investment in … in Taiwan and was unexpected, this setting allows me to hold constant market demand and the investment-opportunity set …

We highlight the role of cash flow uncertainty on corporate employment and investment. We find that a 1% increase in … cash flow uncertainty leads to a 0.62% decrease in tangible investment, a 1.39% decrease in intangible investment, and a 3 … would like corporations to increase their employment and investment, they should focus on policies that decrease corporate …

It is well documented that since at least the 1970s investment-cash flow (I-CF) sensitivity has been decreasing over … time to disappear almost completely by the late 2000s. Based on a neoclassical investment model with costly external …

making investment decisions, pay more attention to curbing overinvestment than to underinvestment. Furthermore, we find that …This study investigates the effect of female chief executive officers (FCEOs) on investment efficiency. Our study … suggests that CEO gender plays a significant role in efficient investment decisions by improving governance and disciplining …

investment policies of newly founded firms. Thereby, the analysis adds important new insights on a crucial segment of the economy …

This book presents a new approach to the valuation of capital asset investments and investment decision … a project's economic profitability and efficiency, how to assess the impact of investment policy and financing policy on … resource for a broad audience, including scholars and researchers, industry practitioners, executives, and managers, as well as …

How do firms finance their investment? To what extent does the financing mix depends on the nature or the size of … investment? To what extent does the funding mix of investment vary along firm size? Relying on a unique database of firms … picture of the financial resources used by firms to finance their investment.We uncover significant cross …

capital, financing, and investment plans. We study whether firms faced with MCs use both non-cash (NEM) and cash generating … external funding and investment. Our findings suggest that MC firms use CEM because it directly generates cash to fund MCs …

We develop a model of investment, payout, and financing policies in which firms face uncertainty regarding their … between retention and payout, between internal or external financing of investment, and between speculation and hedging. In … the model, investment and payout do not always increase with slack for constrained firms and the choice between internal …