Investment in equipment and new ideas (technological and managerial) are crucial engines of growth. Investing in capital allows existing firms to incorporate new technologies and can be an important part of their strategies to reorganise production processes towards global best practice. The dynamism of innovative new firms which introduce new products and processes is also important for growth...

field. Impact investing is on the rise as it allows one to receive financial returns while also attending to some of our largest social and environmental problems. To give a proper review, this paper discusses the current state of impact investing, the six dimensions that compose impact investing, the Framework of Action based on impact investment research, recommendations to enhance the field ...

This paper introduces the basic connotation of urbanization and its relationship with economic growth. By analyzing the urbanization conditions in China western area, this paper summarizes the pushing effects of urbanization on investment in western area. Besides, this paper points out the specific ways for western area applying the new harmonious urbanization development strategy, offering a t...

Over the past two decades, both developed and developing countries have been investing a significant portion of their resources in the creation of an information infrastructure. However, speculation abounds regarding the efficacy of information infrastructure investments, especially when the opportunity cost for investing in information technology (IT) is measurably high among developing nation...

1 esearchers have looked into valuation effects for decades. Their research has usually focused on large capitalization stocks. Not as much research has been done on valuations in small capitalization stocks, as there is a tendency by many to associate small capitalization stocks with a growth style. Any research that has been done on small capitalization stocks was usually confined to the lowe...

We study asset prices in an economy where some investors categorize risky assets into different styles and move funds among these styles depending on their relative performance. In our economy, assets in the same style comove too much, assets in different styles comove too little, and reclassifying an asset into a new style raises its correlation with that style. We also predict that style retu...