Several studies use the investment - cash flow sensitivity as a measure of financing constraints while some others … subject to less financing constraints relative to independent firms.Our results show strong investment - cash flow … investment models and estimation techniques.We investigate this finding further by analyzing the influence of various firm …

This paper examines the relation between cash flow, corporate governance and fixed-investment spending. In perfect … investment in fixed assets. Aspects of corporate governance play an important role in both theories. We measure the impact of … cash flow on investment for a set of Dutch firms and aim to distinguish between the asymmetric information hypothesis and …

This paper generalizes the theory of irreversible investment under uncertainty by allowing for risk averse investors in … aversion to examine the e ects of risk aversion, price uncertainty, and other parameters on the optimal investment decision ….We nd that risk aversion reduces investment, particularly if the investment size is large.Moreover, we nd that a rise in …

We experimentally disentangle the effect of information feedback from the effect of investment flexibility on the … investment behavior of a myopically loss averse investor.Our findings show that varying the information condition alone suffices …

which adds flexibility in timing of the investment decision.This flexibility introduces an option value of waiting which …

-weighted approximate replication of the economic risk variables using the investment opportunity set, as opposed to the unweighted hedging …