We study how access to private equity financing affects real firm activities using a broad panel of publicly traded U.S. firms that raise external equity through private placements (PIPEs) between 1995 and 2008. The public firms relying on PIPEs are generally small, high-tech firms that cannot finance investment internally and likely face severe external financing constraints; PIPEs are by far ...

Ever since the start of the Industrial Revolution in Britain in the 1760s, innovation and investment have been crucial elements in economic explanations of the dynamics of capitalism. Classical economics recognises that innovation embodied in the form of new machines through fixed capital investment is the essential process for realising economic development. This study sets up a theoretical li...

This paper establishes the income and risk model in financial investment based on multi-objective programming theory, aiming to analyze the relationship between risk and return in financial investment and discuss the relationship between the risk the investor shall bear and decentralization degree of investment project. MATLAB software is used to analyze the investor’s optimized return under fi...

The common paradigm for risk-neutral real-option pricing is a special case encompassed within our general model for valuing investment opportunities. Risk-neutral real option prices deviate from the risk-averse real option values that apply in an incomplete market, giving different rankings of investment opportunities and different optimal exercise strategies. Unlike risk-neutral prices, more g...

The ethical constraints forced on an investment fund satisfy the fulfilment of humanitarian aims but may lower the investment profitability. Hence, when we measure the performance of ethical mutual funds we cannot disregard the ethical component. In this contribution we propose a performance indicator which considers the expected return, the investment risk, the ethical component and the subscr...

We analyze technology adoption decisions of manufacturers in response to energy audits provided by Department of Energy Industrial Assessment Centers. Using fixed effects logit estimation to control for unobserved plant characteristics, we find that plants respond as expected to financial costs and benefits, though there are unmeasured project-related factors that also influence investment deci...

We develop a tractable two-country overlapping generations model and show analytically that the cross-country differences in financial development help explain three recent empirical facts characterizing international capital flows: financial capital flows from relatively poor to relatively rich countries while FDI flows in the opposite direction; net capital flows are from poor to rich countri...

Numerous multistage planning problems in finance involve nonlinear and nonconvex decision controls. One of the simplest is the fixed-mix • Research supported in part by NSF grant CCR-9102660 and Air Force grant AFOSR-91-0359. We acknowledge the assistance of Michael T. Tapia in preparing this paper for publication. investment strategy. At each stage during the planning horizon, an in· vestor re...

The paper investigates the role of fixed income in pension schemes investment Ghana by specifically looking at asset allocation and initial required to make scheme solvent future a specified high probability after matching all liabilities Ghana.Looking assets-only analysis without their liabilities, equity appears be an attractive classes invest in. However, considering asset-liability analysis...

This study examined the relationship between investment policy and dynamic of net book value quoted manufacturing firms in Nigeria. Panel data 15 was collected from annual reports 2010-2019. Stock prices modeled as function short term portfolio investment, subsidiary long investment. Multiple regressions were formulated. methodology employed while fixed effects model used estimation technique a...