known in practice GOP is too risky. We explain in this talk that the reason is in practice the investment horizon is finite …

This paper deals with capital budgeting decisions under uncertainty. We present an Aggregate Return On Investment (AROI … constitutes a link between arbitrage choice theory and corporate investment theory, and shows that explicit discounting is not …

The paper aims to examine the effects of global economic policy uncertainty and monetary policy on corporate investment … that monetary policy, relative risk in fixed investment, and the risk-adjusted return gap between financial and fixed … uncertainty impedes real investment. In addition, findings also expect that investment depends on internal funds extracted from …

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 …

This paper characterizes optimal consumption and investment policies for investors with asset return predictability … financial portfolios. By endogenizing retirement, human capital becomes dependent on savings and investment decisions, which in …

-level investment is procyclical. We show that a heterogeneous-firm RBC model with quantitatively realistic countercyclically disperse … state investment rate distribution, produces investment dispersion that positively comoves with the cycle, with a …

-varying uncertainty, highlighted in the literature. -- Ss model ; RBC model ; lumpy investment ; countercyclical risk ; aggregate shocks …

effect of time-varying uncertainty, highlighted in the literature. -- Ss model ; RBC model ; lumpy investment …

of firm-level investment is procyclical. We show that a heterogeneousfirm RBC model with quantitatively realistic … of the steady state investment rate distribution, produces investment dispersion that positively comoves with the cycle … ; cross-sectional firm dynamics ; lumpy investment ; countercyclical risk ; aggregate shocks ; idiosyncratic shocks …