Building on the well-documented relationship between corporate financial hedging and firms' borrowing costs, this study examines impact of utilizing derivative instruments investment. We document that engaging in enables firms to pursue more inorganic growth opportunities form M&As. Acquiring with programs have a lower cost are likely pay for their deals cash use external borrowing. While serve...

We study how investors' preferences for robustness influence corporate investment, financing, and compensation decisions valuation in a financial contracting model with agency. characterize the robust contract show that early liquidation can be optimal when investors are sufficiently ambiguity averse. implement by debt, equity, cash, derivative asset. The is used to hedge against concern entrep...

Disclosure can negatively affect stock market efficiency and real investment performance in markets populated with uninformed noise traders whose trading is affected by disclosure. We formalize this idea by analyzing a model where disclosure attracts noise traders and where firms infer information from stock prices to guide real investment decisions. The model predicts that disclosure can reduc...

Very large industrial real investments are different from financial investments and from small real investments, even so, their profitability is commonly valued with the same methods. A definition of a group of very large industrial real investments is made, by requiring three common characteristics. The decision support needs arising from these characteristics are discussed and a summary of ex...

one of the present phenomena that virtually explain weaknesses in financial systems of different countries is financial repression. financial repression encompasses the different interferences of governments in financial markets through determining the ceiling interest on bank deposits, high rates of legal reserves, and the government’s interference in distribution of bank credits,which prevent...

This research lies in using science and information technology to improve the existing investment framework. A framework, called EFPIF (e-Financial Process Integration Framework), was proposed that can come to financial information and investment analysis integration, and provide an interaction framework to investors, investment advisory corporation, dealer in securities, bank, and quoted compa...

The European Union’s Blue Growth Strategy is a long term strategy to support sustainable growth in the marine and maritime sectors, aiming to contribute to innovation and economic growth (European Commission, 2012). The EU sees the financial sector as a key partner to bring about transition to sustainable consumption and production. However, knowledge about investment behavior, experience with ...