-equation model in which firms make interdependent decisions in financing, investment, and distribution, under the constraint that … and debt for R&D financing. R&D and physical capital investment are likely to be complementary for mature, but not for …

We study optimal investment in technologies characterized by the learning curve. There are two investment patterns … scale. If the curve is steep, firms invest earlier and on a smaller scale. We further demonstrate that learning investment … differs greatly from investment in technologies without learning effects. Learning investments generate substantial initial …

reverting processes are rarely used in investment models in the literature. In most models, geometric Brownian motion processes … investigations of aggregate industry investment …

have a significantly higher investment-cash flow sensitivity than comparable private firms. These differences in investment … agency-based explanation, since differences in investment-cash flow sensitivities can only be observed for the unexpected …. Our study adds a new aspect to the ongoing debate on the effect of a stock market listing on a firm's investment decisions …

's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …

This paper studies how information disclosure affects investment efficiency and investor welfare in a dynamic setting … accounting disclosures on investment efficiency and investor welfare crucially depend on whether such disclosures convey …). Specifically, investment efficiency and investor welfare unambiguously increase in the precision of disclosures that convey …

the prior decades: A negative cross-sectional correlation between firms' investment and profitability, and strong premia … of investment and profitability factors which are positively correlated. A model of firms with heterogeneous cash flow … having lower current profitability. An influx of high-duration firms boosted investment and profitability premia due to the …

's investment of endogenous size. Using a real option approach in continuous time, we show that profit sharing does not affect a … total investment. We also evaluate the reduction in the firm's value due to profit sharing, linking this reduction to the …