on deferred tax allowances and deferred tax assets. The effects on both investment to fixed/current assets are well taken … care of with embedded production functions and firm investment decisions change over time through the accumulated process …

In a perfect world, a manager's investment in fixed assets would increase with the assets' profitability. However, when … investment efficiency: in equilibrium, strong firms choose faster depreciation. Last, in the staged-investments setting, I show …

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 …

investment and expected returns. In imperfectly competitive industries, a firm's exposure to systematic risk is jointly affected … by its own investment strategy and the investment strategies of its industry peers, such that the dynamics of its …

We show that the standard analysis of vertical relationships transposes directly to investment dynamics. Thus, when a … input to serve a growing but uncertain demand, and if the supplier has market power, investment occurs too late from an … investment option, greater volatility can result in a lower value for both firms. We examine several contractual alternatives to …

capital. The firm is financially constrained and there are implementation lags in investment. Our model predicts that product … related to investment. Estimating price and investment equations on panel data for Swedish manufacturing plants we find … results which are qualitatively in line with these predictions, though the relation between investment and prices is stronger …

. Therefore, in an inflationary period generous tax depreciation provisions do not promote private investment as designed, but …

We examine firms' simultaneous choice of investment, debt financing and liquidity in a large sample of US corporates … affect the corporate decisions of unconstrained firms more strongly than those of constrained firms. Investment-cash flow … sensitivities are particularly intense for unconstrained firms with high hedging needs. Investment opportunities (as proxied by Q …

business investment. To promote economic convergence of Eastern and Western Germany after reunification, bonus depreciation tax … control group, we address the question if and to what extent these investment tax incentives boosted investment. In line with … were cut back in 1997. Moreover, there was a significant reduction in building investment in the year after the expiration …

This paper addresses the issue of how regulatory constraints affect firm s investment choices when the firm has an … option to delay investment. The RPI-x rule is compared to a profit sharing rule, which increases the x factor in case profits … go beyond a given level. It is shown that a pure price cap and profit sharing are identical in their impact on investment …