To select an optimal investment enterprise is the key to effectively reduce the investment risk for an investment company. In this paper, the author studies the problem of optimal investment enterprise selection decision under uncertain information environment (fuzzy information and grey information coexist), and present a fuzzy grey multi-attribute group decision making model to select the opt...

This paper evaluates individuals’ ability to avoid investment mistakes and analyzes how investment competence is related to the propensity to seek or rely on professional advice. To address these issues, we use novel survey data collected from a representative sample of Swiss households. We find that investment competence is characterized by significant age and gender gaps, and that individuals...

Developing country officials increasingly have come to see attracting foreign direct investment as an essential part of their development strategies. The Andean countries of Bolivia, Colombia, Ecuador, Peru, and Venezuela have joined other countries around the world in pursuing multinational investment. This paper presents an overview of their suitability for investment compared to other invest...

Existing research suggests that market misvaluations affect corporate investment, often leading to suboptimal investment. I examine whether earnings smoothing reduces the impact of market misvaluations on corporate investment and in turn enhances investment efficiency. I find that earnings smoothing has a strong negative effect on the sensitivity of corporate investment to stock prices. Further...

This paper examines the effects of costly external financing on the optimal timing of a firm’s investment. By altering the optimal investment timing, costly financing affects current investment and the sensitivity of investment to internal cash flow. Importantly, the relation between the cost of external funds and investment-cash flow sensitivity is non-monotonic. Investment-cash flow sensitivi...

Although investment has played an important role in China’s phenomenal economic growth over the last two decades, there has been little research on investment determination at the macro level. This study sets out to explore and explain the factors that influence China’s aggregate investment measured by the fixed capital formation during the reform period and to draw useful conclusions from anal...

This empirical study compares the advanced manufacturing technology (AMT) investment, the manufacturing infrastructure investment, and the interaction effect between these two types of investments using data from a sample of firms in Singapore and Sweden. The results suggest that the interaction of AMT investment and manufacturing infrastructure investment has a positive impact on the firm prof...