Wealth inequality is an important matter for economic theory and policy. Ongoing debates have been discussing recent …; and compound interest structure. We provide mathematical proof that accumulated financial investment returns involve ever … investment game that individual investors do repeatedly play through time …

investment and growth. The increased risk from holding biased portfolios, which increases the demand for the risk-free asset …

effects whenever the cycle is driven by persistent (but not permanent) investment-specific technology shocks, resulting in …

This study examines how equity market fragmentation affects firms’ capital investment decisions. Recent empirical … precision information to managers and/or creditors about firms’ investment opportunities. Consistent with this notion, our … findings reveal that the association between capital investment and investment opportunities is increasing in market …

This essay surveys the body of research that asks how the efficiency of corporate investment is influenced by problems … that the marginal return to investment in firm i is the same as the marginal return to investment in firm j ? Second, do … capital budgeting process get within-firm allocations right, so that the marginal return to investment in firm i ’s division A …