. Price informativeness is significantly correlated with corporate investment efficiency. For international investors, China …

Argentina during the 1990s. Inspired by Keynes and Minsky, we estimate an investment model that accounts for financial … constraints using panel data for Argentina during the 1990s. The main conclusion of the study is that there was an increase in … speculative behaviour which was unconnected to entrepreneurial behaviour based on investment in fixed assets. Over the decade, the …

show that the increase in access to external …nance after the policy initiative helped …rms to raise their investment …

This paper examines the impact of financial sector foreign direct investment (FSFDI) on economic growth by estimating a …

efficiency of its financial system in allocating capital to investment will be important to sustain this growth. This paper shows … that of corporate investment efficiency. China's stock market appears to be aggregating diffuse information and generating … cost of equity capital, constraining the investment of China's smaller, more profitable enterprises. Further reforms that …

The collapse of an investment mania usually reminds people that the phrase "This time is different" is dangerous … at least one counterexample to this cautious view, a giant and wildly speculative investment episode that was successful …. The British railway mania of the 1830s involved real capital investment comparable, as a fraction of GDP, to about $2 …

explore the relationship between asset growth, investment, and cash flow and find that firms use all available internal funds …