that monetary policy, relative risk in fixed investment, and the risk-adjusted return gap between financial and fixed … influenced by their ownership characteristics. It is remarkable to note that the relative risk in fixed investment and …. Meanwhile, firms’ financial investment witnesses influence of the rate of the risk-adjusted return gap between financial and …

This paper deals with capital budgeting decisions under uncertainty. We present an Aggregate Return On Investment (AROI … which, compared with the risk-adjusted cost of capital, correctly signals wealth creation. For choosing between two mutually … exclusive projects, we derive an incremental AROI and an incremental risk-adjusted cost of capital, by means of which two …

We derive a new equation for the optimal investment boundary of a general irreversible investment problem under … the Wiener-Hopf factorization allow us to derive an integral equation for the optimal investment boundary. In case the … underlying Lévy process hits any point in R with positive probability we show that the integral equation for the investment …

the risk of the whole portfolio including KVA across all counterparty positions. Hence there are entity level aspects of …

The assessment of investment strategies in R D of the textile products manufacturing sector in Bogotá permitted to …

We examine investment behavior when firms face costs in the access to external funds. We find that despite the … existence of liquidity constraints, standard investment regressions predict that cash flow is an important determinant of … investment only if one ignores q. Conversely, we also obtain significant cash flow effects even in the absence of financial …

, scope, and investment decisions, and we outline their connection to recent macroeconomic and financial trends in the US …

investor “rationality,” the relation must be “explained” by a risk (factor) model. The investment approach questions the … doctrine. Factors formed on characteristics are not necessarily risk factors; characteristics-based factor models are linear … approximations of firm-level investment returns. The evidence that characteristics dominate covariances in horse races does not …