investment of small entrepreneurial and larger managerial firms in different financial regimes that are largely in line with …

This paper studies the effects of changes in uncertainty on optimal leverage and investment in a dynamic firm … the larger shocks. Initially deleveraging leads to a drop in investment. Investment recovers as entrepreneurs build up net … optimal leverage and investment dynamics. Financial innovation amplifies the effects of uncertainty shocks …

This study examines how the effect of uncertainty on capital investment varies between focused firms and conglomerate … frictions, I find that uncertainty, measured by industry-level stock return volatility, has a negative effect on investment … among focused firms but has no statistically significant effect on investment among conglomerate segments. I also show that …

We propose a structural model with an optimal switching of diffusion regime which integrates a wide range of investment … spreads of junk bonds decrease up to 10% unless the agency problem gets extremely severe, and those of investment grade bonds …

We study the impact of the 1933 abrogation of gold clauses on the slow recovery of corporate investment following the … reduced their investment in 1933 and 1934. For these firms, investment recovers quickly following the Supreme Court's 1935 … decision to uphold abrogating gold clauses. In the cross-section of firms, decreases in investment over 1933 and 1934 coincide …

This study examined the impact of leverage on investment of Pakistani manufacturing firms listed on Karachi Stock … Exchange. To explain the relationship between leverage and investment we get data from the annual reports of manufacturing … is negative relationship between leverage and investment. When leverage increase investment will decrease and vice versa …