This paper considers the problem of investment timing under uncertainty in a duopoly framework.When both firms want to …

economic environment on the investment decision of the firm.We propose a method to model the impact of a policy change on … investment behavior in which, contrary to the earlier models based on Poisson processes, uncertainty concerning the moment of the …) investment cost, which is, for instance, caused by a reduction in the investment tax credit.The firm has an incomplete …

Several studies use the investment - cash flow sensitivity as a measure of financing constraints while some others … subject to less financing constraints relative to independent firms.Our results show strong investment - cash flow … investment models and estimation techniques.We investigate this finding further by analyzing the influence of various firm …

This paper examines the relation between cash flow, corporate governance and fixed-investment spending. In perfect … investment in fixed assets. Aspects of corporate governance play an important role in both theories. We measure the impact of … cash flow on investment for a set of Dutch firms and aim to distinguish between the asymmetric information hypothesis and …

This paper generalizes the theory of irreversible investment under uncertainty by allowing for risk averse investors in … aversion to examine the e ects of risk aversion, price uncertainty, and other parameters on the optimal investment decision ….We nd that risk aversion reduces investment, particularly if the investment size is large.Moreover, we nd that a rise in …