The expansion of investment strategies and capital markets is altering the significance and empirical rationality of … diverged from their intrinsic value. This paper presents an analysis of anomaly returns in the presence of the theory of the …

financial crises. Firms subject to mutual fund flow-driven selling pressure reduce share issuance and investment, whereas firms … experiencing buying pressure do not increase investment, although they issue more equity. Firms under extreme selling pressure cut … quarterly investment by 0.075 percentage points of total assets, which is 4.3% of the average quarterly investment in our sample …

This paper examines the role of uncertainty and capital market imperfection in influencing firm investment …. Introduction of uncertainty in the investment model allows for limited expandability and limited reversibility of capital over time … group. We identify financially constrained firms in various years by relying on investment-asset sale sensitivity. Using an …

and financial investment, and how the latter could affect the former. In order to achieve this objective, two assets are … determination of investment. The model thus formulated is subsequently estimated by applying the difference GMM and the system GMM …