I analyze cash flow characteristics of listed infrastructure investment companies and funds and compare this unique infrastructure sample with a noninfrastructure reference group. I confirm that infrastructure investment provide more stable cash flows than non-infrastructure investments. However, I do not find that investors positively value this cash flow stability. Instead, more volatile cash...

This paper presents an empirical study to explore how firms invest in their IT infrastructure to support strategic flexibility. It investigates how IT infrastructure capabilities relate to strategic flexibility, how firms build flexibility into their IT investment decisions, and how the firms use IT to support strategic flexibility. Our cases indicate that different types of needed flexibility ...

Now the infrastructure in United States is beginning to age and damage, it has begun affect people's daily lives country's economy. These issues have become that U.S. government needs take seriously, so this study was born. This paper mainly conducts analysis research through of case report official data. The points a decline investment neglect maintain large amount aging infrastructure. In reg...

In this paper, we study whether or not transportation infrastructure disrupts local monopsony power in labor markets using an expansion of the national highway system India. Using panel data on manufacturing firms, find that is reduced among firms near newly constructed highways relative to remain far from highways. We estimate reduce markdowns significantly. use changes composition inputs iden...

China’s three-decade infrastructure investment boom shows few signs of abating. Is China’s economic growth a consequence of its purposeful investment? Is China a prodigy in delivering infrastructure from which rich democracies could learn? The prevalent view in economics literature and policies derived from it is that a high level of infrastructure investment is a precursor to economic growth. ...