We use a large project-level dataset to estimate the length of the planning period for commercial construction projects in the United States. We find that these time-to-plan lags are long, averaging about 17 months when we aggregate the projects without regard to size and more than 28 months...

This paper analyzes to what extent the rejection of the investment dynamics implied by the Euler equation model with quadratic and symmetric adjustment costs can be attributed to the fact that the investment behavior of some firms in some periods is financially constrained by the availability of...

This paper shows that, with (partial) irreversibility, higher uncertainty reduces the impact effect of demand shocks on investment. Uncertainty increases real option values making firms more cautious when investing or disinvesting. This is confirmed both numerically for a model with a rich mix...

High backward-citation patent scores indicated that inventive firms had positive prospects for future returns (as evidenced by their Tobin's <I>q</I> ratios) because patents incorporating substantial external knowledge were also broadly-cited. Results suggested a three-year lag in the market's positive...</i>

Fixed investment in real terms stood at 97.42% in the period of January to July 2014 compared to the corresponding period in 2013. The structure of sources of financing saw an upward trend towards the formation of a bigger share of equity at enterprises as the share of federal budget resources...

We take a general perspective on capital accumulation games with open loop strategies, as they have been formalized by Back and Paulsen (Rev. Financ. Stud. 22, 4531-4552, 2009). With such strategies, the optimization problems of the individual players are of the monotone follower type....