the optimal subsidy must include an element of discouragement against delaying the timing of the investment for the firm … up the investment the most. The factors influencing subsidy are the welfare effects relative to the amortised investment … cost and the strategic commitment value of investment and subsidy …

problem of finding optimal tax and subsidy schemes in a model in which growth is endogenously sustained by risky innovation …

investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …

investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …” expected returns; the investment approach is no more and no less “causal” than the consumption approach in “explaining …

This work analyses the effect of public subsidies on firms' investments and investment–cash flow sensitivity in a … increased investment rate and a reduced investment–cash flow sensitivity, in the immediately following year. We interpret these … results as an indication of the relaxation of financial constraints. Moreover, while the increase in the investment rate does …

The relationship between investment efficiency and investment transparency is investigated using a sample of Australian … investment efficiency may influence the informativeness of investment disclosures, and present evidence that investment … achieve higher profitability and cash flow from operations surrounding the investment announcements, and that high sales …

investment on firms that lose money. I model firm investment decisions in a setting featuring financing constraints and … carrybacks and carryforwards of operating losses. I estimate investment responses to tax incentives allowing effects to vary with …

ownership and capital demand adjustment in host countries. The author estimates a dynamic structural model of investment on a …