investigate this issue using a hand-collected dataset of hedging and investment behavior of oil and gas exploration and production … destroying investment decisions, so that greater discretion over internally generated funds becomes more valuable to …

We find that investment responds more sensitively to a firm's Tobin's q when its share price is more discrete. Low …-price U.S. stocks exhibit higher investment-q sensitivity, but this pattern disappears in countries whose tick sizes increase … increases price informativeness and investment-q sensitivity, particularly when firms face tighter tick-size constraints …

We propose the standard neoclassical model of investment under uncertainty with short-run adjustment frictions as a … of variables of interest to accounting research (e.g., earnings, returns, investment, market-to-book) absent accounting …

-quality investment decisions. Our results have implications for accounting standard setters as well as financial statement users …

We propose the standard neoclassical model of investment under uncertainty with short‐run adjustment frictions as a … of variables of interest to accounting research (e.g., earnings, returns, investment, market‐to‐book) absent accounting …

The accuracy of firm information disclosures and the efficiency of long-term investment both play crucial roles in the … managers confront realistic incentives to misreport financial statements and distort their real investment choices. Managers in … this misreporting through disclosure regulation is possible, it incentivizes managers to distort real investment, which …

alternative method to measure investment opportunities, and alternative definition of investment. The paper ‘The real consequences … of classification shifting: Evidence from the efficiency of corporate investment' ’ to which this Appendix applies is …

financial reporting and disclosure on corporate investment: A review (Journal of Accounting & Economics, 68 (2019 … financial reporting facilitates the allocation of capital to the right investment projects,” “provide a framework to organize … literature “articulate[s] two broad scenarios in which financial reporting ‘matters’ for investment choices: (i) the presence of …