We document sizeable and surprising differences in investment behavior between stock market listed and privately held … responsive to changes in investment opportunities compared to matched private firms, even during the recent financial crisis … that investment behavior diverges most strongly in industries in which stock prices are particularly sensitive to current …

This paper investigates the investment behaviors of 44,649 employees working in a CAC 40 index listed company. The … selected and number of asset categories selected. We document extreme saving strategies such as high investment in company … within the plan. Our results emphasize how several proxies of human capital are associated with company-based investment …

We investigate whether short-termism distorts the investment decisions of stock market listed firms. To do so, we … compare the investment behavior of observably similar public and private firms using a new data source on private U.S. firms … compared to private firms, public firms invest substantially less and are less responsive to changes in investment …

I examine the effects of entrenchment on corporate investment and firm performance. To achieve identification, I use a … of overseeing investment projects …

have a significantly higher investment-cash flow sensitivity than comparable private firms. These differences in investment … agency-based explanation, since differences in investment-cash flow sensitivities can only be observed for the unexpected …. Our study adds a new aspect to the ongoing debate on the effect of a stock market listing on a firm's investment decisions …

capital for new investment, there is a dilution in the manager's ownership. This increases the risk to the manager's control … dilution in the manager's ownership and alleviates the under-investment problem. There are costs to the issuance of non …-voting equity is optimal when the benefits, higher firm value because of higher investment, outweigh the costs of managerial …