Indian manufacturing firms during the period 1991–2011. Using dynamic R&D investment model, we find significant positive …

We investigate a firm's optimal investment, financing, and default decisions when it takes an uncertain amount of time … and running costs to complete a project. A firm that makes an optimal financing decision delays investment in the presence … of time-to-build, whereas a highly levered firm hastens such investment despite the lags. The optimal leverage ratio is …

This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global … experienced a sharper decline in investment activity following the onset of the crisis compared to firms with more conservative …

effect can lead to an incorrect investment decision …

We find that corporate giving represents a private benefit of control that distorts corporate investment and financing …, corporate charitable contributions fall, while investment rises, suggesting suboptimal investment caused by managerial private …

This paper studies changes in managers' investment decisions in response to short-term cash flow shocks. Using the … novel setting of the 1999 Taiwan earthquake and a difference-in-differences design, I find managers reduce investment in … in Taiwan and was unexpected, this setting allows me to hold constant market demand and the investment-opportunity set …

) forecasts—affects corporate investment efficiency. We find that firms with analyst capex forecasts exhibit higher investment …. Moreover, the effect of capex forecasts on investment efficiency varies with the signals they convey about future growth … information about firms' growth opportunities to managers and investors, which can facilitate efficient investment …

This study comprehensively reexamines the debate over behavioral and rational explanations for the investment effect in … prominent measures of corporate investment and corporate profitability either as a standard control or as a structural variable … in q-theory and recent investment-based asset pricing models. We test simple composite indices of limits-to-arbitrage or …

We study the effects of uncertainty on corporate leverage adjustments with respect to investment spikes and find that … overlevered and underlevered firms behave very differently in response to the combination of uncertainty and investment spikes …