We provide theoretical and empirical evidence that policy uncertainty can significantly affect firm level investment … dynamic, heterogeneous firms model we show that: (i) investment and entry into export markets is reduced when trade policy is …

We present a dynamic agency model of investment, borrowing and payout decisions by a mature corporation operating in … managerial rents. They under-invest and smooth payout and rents. Debt is the shock-absorber for operating income and investment …

This paper models the effect of disclosure on real investment. We show that, even if the act of disclosure is costless … cutting investment. Investment depends on asset pricing variables such as investors' liquidity shocks; disclosure depends (non … optimal to induce investment, the manager may be unable to commit to it. If hard information turns out to be good, he will …

reduce costs through either internal investment in building capital or through mergers. The model, which we solve …. In general, antitrust policy can greatly affect firms' optimal investment behavior, and firms' investment behavior can in …

Conventional measures of business investment consist primarily of tangible assets such as plant and equipment, vehicles …, office buildings and other commercial structures. Corrado, Hulten and Sichel (2005, 2009) show business investment in … intangibles (software, design, R&D, branding, organizational capital) exceeds tangible investment for the United States. This …

-09), banking shocks accounted for about 20% of the fall in US and EA GDP, and for more than half of the fall in EA investment and …

This paper provides evidence for a causal effect of equity prices on corporate investment and employment. We use fire … whose stocks are most underpriced have considerably lower investment and employment than industry peers not subject to any … fire sale discount. The causal effect of underpricing on investment is found to be largely concentrated on the most …

positive program treatment effect on employment, investment and net entry but not on TFP. OLS underestimates program effects …,300 suggesting that in some respects investment subsidies can be cost effective. …