realizations. We show that the forecasts significantly affect farmer investment decisions and that these responses account for a … the main instrument, that the return to agricultural investment depends substantially on the conditions under which it is …-invest, by a factor of three, when we compare actual levels of investments to the optimal investment level that maximizes …

We incorporate the lumpy nature of firm-level investment into the study of how tax policy affects investment behavior …. We show that tax policies can directly impact the lumpiness of investment. Extensive-margin responses to tax policy are … these results by studying China's 2009 VAT reform, which lowered the tax cost of investment and reduced partial …

We use a new firm-level dataset to examine the efficiency of investment in emerging economies. In the three-year period … by an average of 5.4 percentage points. Cross-sectional changes in investment are significantly correlated with the … investment; country-specific changes in the cost of capital predict a 2.3-percentage point increase in investment; firm …

The livelihoods of the majority of the world's poor depend on agriculture. They face substantial risk from fluctuations … seasonal forecasts of monsoon weather. We find that in areas where the forecast is accurate (has “skill”) that investment …

capital to units with better investment opportunities, state groups do the opposite, especially when part of the “national … discipline state groups' tendency to ignore investment opportunities. We trace capital allocation decisions to the objectives of …

large positive investment responses and returns to grants for a random (representative) sample of farmers, showing that …

We develop and analyze a model of a multi-stage investment project that captures many features of R&D ventures and … investment by the firm. In addition, the risks associated with the ultimate cash flows the firm realizes on completion of the …

This paper links the impending vesting of CEO equity to reductions in real investment. Existing studies measure the … current investment opportunities. An interquartile increase is associated with a decline of 0.11% in the growth of R&D (scaled …