Add to ORKGThe impact of combinations of frictions on investment activity is poorly understood. We develop a model of investment under financial frictions and irreversibility. We show that the possibility of encountering financial constraints in future raises irreversible investment today over that arising under irreversibility alone. By contrast, investment under both frictions is lower than under future financial constraints alone.
We analyze the dynamic investment decision of a ¢rm subject to an endogen-ous ¢nancing constraint. T...
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect ...
Irreversibility affects investment spending via two channels, a) financial constraints and b) uncert...
The impact of combinations of frictions on investment activity is poorly understood. We develop a mo...
Research finds that firms' investment decisions are distorted by irreversibility and finance constra...
Most investment expenditures have two important characteristics. First, they are largely irr...
Using a panel of 4223 Bulgarian, Czech, Polish, and Romanian firms, over the period 1998-2005, we sh...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
Most investment expenditures have two important characteristics: First, they are largely irreversibl...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
This paper examines how changes in irreversibility of investment affect the timing and intensity of ...
This paper studies the long and short run macroeconomic consequences of irreversible invest-ment at ...
We develop a structural model of an industry with many entrepreneurial firms in order to investigate...
The optimal timing of real investment is studied under the assumptions that investment is irreversib...
We analyze the dynamic investment decision of a ¢rm subject to an endogen-ous ¢nancing constraint. T...
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect ...
Irreversibility affects investment spending via two channels, a) financial constraints and b) uncert...
The impact of combinations of frictions on investment activity is poorly understood. We develop a mo...
Research finds that firms' investment decisions are distorted by irreversibility and finance constra...
Most investment expenditures have two important characteristics. First, they are largely irr...
Using a panel of 4223 Bulgarian, Czech, Polish, and Romanian firms, over the period 1998-2005, we sh...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
Most investment expenditures have two important characteristics: First, they are largely irreversibl...
Recent theoretical developments relating to investment under uncertainty have highlighted the import...
This paper examines how changes in irreversibility of investment affect the timing and intensity of ...
This paper studies the long and short run macroeconomic consequences of irreversible invest-ment at ...
We develop a structural model of an industry with many entrepreneurial firms in order to investigate...
The optimal timing of real investment is studied under the assumptions that investment is irreversib...
We analyze the dynamic investment decision of a ¢rm subject to an endogen-ous ¢nancing constraint. T...
This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect ...
Irreversibility affects investment spending via two channels, a) financial constraints and b) uncert...