We develop a simple model of investment in business groups subject to moral hazard. Our model suggests that …

the dynamic relation between corporate investment and financing conditions. It demonstrates that the cautionary effect … that makes actual corporate investment decisions indifferent to the firm's financing conditions increases in higher … uncertainty irrespective of the type of corporate investment—capital investment and R&D—and is more pronounced in firms with less …

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

short-term investment similarly. Second, we investigate whether perceived differences in the efficiency of the legal systems …, we find positive correlations between investment in plant and equipment and retained earnings, and negative correlations … between investment in plant and equipment and external financing. We find negative correlations between investment in short …

difference between investment capacities based on internal sources of financing established on static and dynamic indicators, in …

We examine the interaction between investment and financing policies in a dynamic model for a firm with existing assets …-in-place and a growth option, of which investment cost is financed with equity and contingent convertible bond (CoCo). We attempt … to clarify how CoCo impacts on investment timing, capital structure and the inefficiencies arising from debt overhang and …

, which decomposes the project into investment side and financing side and quantifies the value created by either side; an …

The study investigates the role of financial development in boosting the investment efficiency of firms' investments in … concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more … likely to increase (decrease) their investment' in the response of underlying financial development in the economy. This …

highlights future investment and financing challenges, especially for road transport. The methodology piloted in this study can …