My dissertation aims at understanding the financing and investment decisions of firms. It contains two chapters … of production and financing for firms in an open economy. I show that non-exporting firms are exposed to exchange rate … between the investment decisions of firms and their cost of financing. Recent empirical work using panel data documents that …

This paper examines time-series patterns of external financing decisions and shows that publicly traded U.S, firms fund … a much larger proportion of their financing deficit with external equity when the cost of equity capital is low. The … firms' historical financing decisions. We also introduce a new econometric technique This paper examines time …

The costs and constraints to financing, and the factors that influence them, play critical roles in the determination … differing sensitivities to the capital structure choice. Finally, Chapter 3 examines the role of financing constraints on … financing, respectively. The two financing constraint measures are parameterized using firm characteristics and are estimated …