This paper develops a theoretical model predicting the difference in investment policy between entrepreneurs and family …

A detailed treatment of aggregation and capital heterogeneity substantially improves the performance of the investment … capital. The model fits well the value, momentum, investment, and profitability premiums simultaneously and partially explains … premiums, as well as the countercyclical and long-term dynamics of the value and investment premiums. However, the model falls …

level (either by increasing or decreasing their investment in working capital) improve their stock and operating performance …. We also document that corporate investment is the channel through which efficient WCM translates into superior firm … performance. In particular, efficient WCM allows firms to redeploy underutilized corporate resources to higher-valued use, such as …

We propose a new approach that reconciles traditional working capital management with risk management principles. By … extending the traditional working capital approach, we develop a risk-adjusted working capital model. We examine the … regression, we find mixed evidence supportive of the risk-adjusted working capital model. Sectoral analysis reveals heterogeneous …

current asset investment – financing policy and the overall working capital policy and working capital leverage of ITC Limited … between working capital leverage and profitability as well as between working capital policy risk and profitability was … results indicated that ROTA was not very sensitive to change in current asset investment policy. Also it was observed that …

government-controlled ones, investment is positively related to market uncertainty. We also find that the risk-taking preference …This paper empirically investigates the relation between uncertainty and investment among China's listed companies, and … analyzes the influence of government control on the investment-uncertainty relation. We find that there is a negative relation …

We study the effects of uncertainty on corporate leverage adjustments with respect to investment spikes and find that … overlevered and underlevered firms behave very differently in response to the combination of uncertainty and investment spikes …

This study investigates whether economic policy uncertainty (EPU) magnifies peer effects in corporate investment in …' investment activities, we show that peer effects are stronger when EPU is higher. We also find that greater EPU lowers the …

This paper analyzes interdependence of three financial policies, investment decision, financing decision, and dividend … follows. First, there is partially interdependence of financial policies. Investment decision positively influences financing … investment decision. Second, pecking order theory is superior to agency theory in explaining the managerial behavior in making …