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Anti-Takeover Provisions and Investment Timing

Guthrie, Graeme - 2019

We show how directors can set the strength of a firm's anti-takeover provisions in order to influence the investment-timing decision of a future empire-building CEO. The prospect of future hostile takeover attempts, which terminate the CEO's control benefits if successful, affects the CEO's...

Persistent link: https://www.econbiz.de/10012892376

Investment Timing and Capacity Decisions with Time-to-Build in a Duopoly Market

Jeon, Haejun - 2019

We investigate firms' optimal investment timing and capacity decisions in the presence of time-to-build and competition …. Due to the uncertainty in time-to-build, the product of the leader who makes the first investment might enter the market … welfare resulting from the dominated firm becoming the leader, and the loss increases as the dominated firm's time …

Persistent link: https://www.econbiz.de/10012893244

Average Volatility Managed Investment Timing

Poland, Jeramia - 2019

Compared to using the variance of index returns, managing investment by the average of the variance of index components (AV) produces significant return and ratio performance improvements. AV managed investment in the market index takes less extreme leverage making it more practical and cheaper...

Persistent link: https://www.econbiz.de/10012898875

Innovation, Competition, and Investment Timing

Koskinen, Yrjo - 2016

In our model multiple innovators compete against each other by submitting investment proposals to an investor. The investor chooses the least expensive proposal and the timing of the investment. Innovators have to provide costly, but observable effort and they learn privately the cost of...

Persistent link: https://www.econbiz.de/10013007922

Investment Timing and Vertical Relationships

Billette de Villemeur, Etienne - 2014

this leader invests at the optimal time. These results are illustrated with a case study drawn from the pharmaceutical …

Persistent link: https://www.econbiz.de/10013048394

Three essays on asset pricing and factor investing

Dirkx, Philipp A. - 2021

Persistent link: https://www.econbiz.de/10012799559

Asymmetric Suppliers’ Optimal Investment Timing Decisions

Kumar, Manoj - 2022

This paper extends Boyle and Guthrie (2003) to investigate the interdependent effects of asymmetric financing capacities and investment costs on investment timing decisions in a duopoly with a first-mover advantage. We demonstrate several novel findings. First, suffering a significant cost...

Persistent link: https://www.econbiz.de/10013292795

News About News : Information Arrival and Irreversible Investment

Drazen, Allan; Sakellaris, Plutarchos - 2021

-expected utility theory. Our framework allows us to study irreversible investment projects whose value has a time-variable volatility …

Persistent link: https://www.econbiz.de/10013244136

Idiosyncratic risk, the private benefits of control and investment timing

Wen, Chunhui; Xia, Xin; Yang, Jinqiang - In: Economics letters 153 (2017), pp. 65-71

Persistent link: https://www.econbiz.de/10011810651

Dynamic capital structure choice and investment timing

Dockner, Engelbert J.; Hartl, Richard F.; Kort, Peter M. - In: Journal of economic dynamics & control 102 (2019), pp. 70-80

Persistent link: https://www.econbiz.de/10012131061