This paper examines whether portfolio disclosure requirements for actively managed investment funds affect the … investment decisions of firms owned by the funds. We argue that mandatory portfolio disclosures reduce fund managers’ incentive … investment sensitivity to stock price declines for firms with significant ownership held by actively managed funds affected by …

This paper examines whether portfolio disclosure requirements for actively managed investment funds affect the … investment decisions of firms owned by those funds. We argue that mandatory portfolio disclosures reduce fund managers’ incentive …-in-differences design around the May 2004 SEC regulation requiring more frequent fund disclosure, we find that investment sensitivity to …

skeptical about undisclosed quality. We show that neither competition nor the presence of sophisticated consumers necessarily …

We study whether, how, and why the investment of a firm depends on the investment of other firms in the same product … complementarity of investment among product market peers, holding across a large majority of sectors. Peer effects are stronger in … information. Product market peer effects in investment could amplify shocks in production networks …

What is the interaction between competition, R&D investments, and the financing choices of R&D-intensive firms …? Motivated by existing theories, we hypothesize that as competition increases, R&D-intensive firms will: (1) increase R …&D investment relative to assets-in-place that support existing products; (2) carry more cash; and (3) maintain less net debt. We …

The interaction between product market competition, R&D investment, and the financing choices of R&D-intensive firms on … interaction, we develop a model which predicts that as competition increases, R&D-intensive firms will: (1) increase R …&D investment relative to assets in place that support existing products; (2) carry more cash; and (3) maintain less net debt. Using …

uncertainty in that industry. Following the theoretical prediction of investment under uncertainty, we hypothesize and find that … private firms are more responsive to their investment opportunities when they operate in industries with greater public firm … in industries characterized by a greater degree of investment irreversibility. Our results suggest that public firms …

We investigate the role of segment disclosure, as a corporate governance mechanism, in enhancing investment efficiency …, and whether and how corporate governance mechanisms ameliorate or exacerbate under-investment and over-investment problems … behave in a defensive or aggressive way, exacerbating under-investment and over-investment problems. Finally, we find that …