منابع مشابه
Investment, Irreversibility, and Financial Imperfections¤
Research ...nds that ...rms’ investment decisions are distorted by irreversibility and ...nance constraints. Whereas the existing literature examines the e¤ects of these features separately, this paper studies their interaction. The impact of these constraints on a ...rm’s incentive to invest is characterised using option pricing techniques. Financial constraints reduce the initial capacity, ra...
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متن کاملSecuritization and Aggregate Investment Efficiency
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متن کاملEconomic Instability and Aggregate Investment
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ژورنال
عنوان ژورنال: The Review of Economic Studies
سال: 1994
ISSN: 0034-6527,1467-937X
DOI: 10.2307/2297979