We examine whether internal funds matter for investment when the measurement error in q is addressed. By carefully … investment. We also find that an analyst forecast based q measure is not superior to a stock market based one. We further propose …

show that this RDD framework recovers an overly-large treatment effect of default on investment because firms can … economically significant decline in investment following a technical default, we find, on average, no change in investment … default on investment will be zero. We show that causal forest's ability to recover heterogeneous treatment effects is key to …

How do firms vary their capital investment and financing policies in response to business cycle fluctuations within … aggregate business cycle, we find that firm-level capital investment and debt issuance are procyclical, whereas net equity …

This book presents a new approach to the valuation of capital asset investments and investment decision … a project's economic profitability and efficiency, how to assess the impact of investment policy and financing policy on …

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 …

credit ratings channel. Specifically, we find that firms reduce their investment and reliance on credit markets due to a …

gap is reliably and positively associated with firm performance and risk and with the riskiness of investment and …

capital, financing, and investment plans. We study whether firms faced with MCs use both non-cash (NEM) and cash generating … external funding and investment. Our findings suggest that MC firms use CEM because it directly generates cash to fund MCs …