asset investment). Design/methodology/approach – The authors use the Ordinary Least Square (OLS) contemporaneous and lead … asset investment (as measured by capital expenditures) of the firm; and fourth, these positive effects are found in both the … evidence to support that CEO inside debt holdings have impacts on firm investment decisions and capital allocations. Inside …

This paper studies the influence of debt financing on the investment behavior of firms. The empirical analysis is based … on the Euler equation governing the optimal level of investment in the presence of convex adjustment costs of capital as …