Is real investment fully determined by fundamentals or is it sometimes affected by stockmarket misvaluation? We … introduce three new tests that: measure the reaction of investment to sales shocks for firms that may be overvalued; use Fama … misvaluation into standard investment equations to estimate the quantitative effect of misvaluation on investment. Overall, the …

We present a microeconometric study of the impact of financial constraints on investment decisions of 755 quoted and … funds can indeed restrain the growth of investment. …

We study the cost-of-adjustment model of investment when there is asymmetry of information between owners (the … principal) and managers (the agent). Information asymmetry distorts the relationship between investment and the cost of capital … the spread of agents' types, tends to reduce investment despite symmetric adjustment cost and perfect competition. The …

Microfinance is experiencing an unprecedented investment boom. The microfinance industry continues to grow at a rate of …

A spectral analysis of the Australian time series for the investment and savings ratio on monthly data over the period … finds that the investment ratio is subject to a cycle of 6 months duration while the savings ratio series is concentrated on …

This paper studies the effects of monetary policy on the investment behaviour of various categories of Italian firms … collateral are more affected by monetary policy. In quantitative terms, the difference in the response of investment by different …

This paper investigates the relationship between exchange rate fluctuations and the investment decisions of a sample of … investment through the revenue channel, and a negative effect through the cost channel. The magnitude of these effects varies … fluctuations on investment is stronger for firms with low monopoly power and for those facing a high degree of import penetration …

uncertainties when valuing different power generation technologies. We introduce a probabilistic valuation model of investment in …

In theory, competitive electricity markets can provide incentives for efficient investment in generating capacity. We … show that if consumers and investors are risk averse, investment is efficient only if investors in generating capacity can … investment levels, distorts technology choice towards less capital-intensive generation and reduces consumer utility. We observe …