We investigate the impact of debt on a panel of U.S. manufacturing firms' capital investment behavior as the underlying firm-specific and market-level uncertainty changes. Our estimates show that the influence of leverage on capital investment may be stimulating or mitigating depending on the effects of uncertainty
In this paper, we examine the relationship between investment and uncertainty by investigating not o...
The theoretical relationship between investment and uncertainty is ambiguous. This paper briefly sur...
Using a sample of listed non-financial Philippine firms over the period 2004-2014, this study empiri...
We investigate the impact of debt on a panel of U.S. manufacturing firms' capital investment behavio...
We examine the simultaneous effects of uncertainty on firm-level capital investment and risk managem...
This paper investigates the link between the optimal level of nonfinancial firms’ short-term leverag...
We investigate the relationship between a firm’s measures of corporate gov- ernance, macroeconomic u...
In the standard bond-pricing framework (e.g., Merton [1974]), the return function of holders of risk...
This paper estimates the responsiveness of irreversible investment to uncertainty using financial da...
We develop a partial equilibrium dynamic model in which firms are risk-averse. We analyse the determ...
We study the response of investment to changes in uncertainty about future profits. We find that in ...
The canonical framework used to price risky debt implies that the payoff structure of levered equity...
textabstractWe investigate how competitive behavior affects the capital structure of a firm. Theory ...
Using firm-level data on the Japanese manufacturing industry, this study identifies the causal effec...
This paper investigates the link between the optimal level of nonfinancial firms’ leverage and macro...
In this paper, we examine the relationship between investment and uncertainty by investigating not o...
The theoretical relationship between investment and uncertainty is ambiguous. This paper briefly sur...
Using a sample of listed non-financial Philippine firms over the period 2004-2014, this study empiri...
We investigate the impact of debt on a panel of U.S. manufacturing firms' capital investment behavio...
We examine the simultaneous effects of uncertainty on firm-level capital investment and risk managem...
This paper investigates the link between the optimal level of nonfinancial firms’ short-term leverag...
We investigate the relationship between a firm’s measures of corporate gov- ernance, macroeconomic u...
In the standard bond-pricing framework (e.g., Merton [1974]), the return function of holders of risk...
This paper estimates the responsiveness of irreversible investment to uncertainty using financial da...
We develop a partial equilibrium dynamic model in which firms are risk-averse. We analyse the determ...
We study the response of investment to changes in uncertainty about future profits. We find that in ...
The canonical framework used to price risky debt implies that the payoff structure of levered equity...
textabstractWe investigate how competitive behavior affects the capital structure of a firm. Theory ...
Using firm-level data on the Japanese manufacturing industry, this study identifies the causal effec...
This paper investigates the link between the optimal level of nonfinancial firms’ leverage and macro...
In this paper, we examine the relationship between investment and uncertainty by investigating not o...
The theoretical relationship between investment and uncertainty is ambiguous. This paper briefly sur...
Using a sample of listed non-financial Philippine firms over the period 2004-2014, this study empiri...