We examine how firm and country heterogeneity shape the response of corporate investment in emerging markets to changes … the costs of external borrowing and (ii) a real options channel-reflecting firms' option values to delay investment. We … find evidence of the coexistence of both channels. Financially weaker firms reduce investment by more in response to higher …

The objective of this study is to identify the impact of managerial optimism on the corporate investment decisions of … effects panel regression with capital expenditures as a measurement of investment level and cash flow, Tobin's Q, leverage … managerial optimism has an impact on the investment levels of financially constrained companies in Jordan. As such, optimism …

This study examines the impact of the financial expertise of the board of directors (BOD's) on the investment decisions … positively related to firm investment and shows that financial experts on the board help firms to access financial resources for … the firms. Secondly, the sub-sample results show the impact of BFE on investment is more profound for the firms that are …