The Irreversibility Premium

Investment Under Uncertainty.

1994 • 10,269 citations

Financing Constraints and Corporate Investment

1988 • 4,857 citations

Agency Costs, Net Worth, and Business Fluctuations.

1989 • 4,683 citations

The Impact of Uncertainty Shocks

2009 • 4,657 citations

The Value of Waiting to Invest

1986 • 3,523 citations

Irreversibility, Uncertainty, and Cyclical Investment

1983 • 3,492 citations

Financial Constraints Risk

2006 • 2,772 citations

Liquidation Values and Debt Capacity: A Market Equilibrium Approach

1992 • 2,708 citations

The Financial Accelerator in a Quantitative Business Cycle Framework

1998 • 2,109 citations

Consumption and Liquidity Constraints: An Empirical Investigation

1989 • 1,944 citations

Uncertainty and Investment Dynamics

2007 • 1,695 citations

Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data

1992 • 1,559 citations

How Costly Is External Financing? Evidence from a Structural Estimation

2007 • 1,152 citations

On the Nature of Capital Adjustment Costs

2006 • 1,074 citations

Investment and Hysteresis

1992 • 1,020 citations

Dynamic Investment Models and the Firm's Financial Policy

1994 • 1,016 citations

Financial Development and Financing Constraints: International Evidence from the Structural Investment Model

2003 • 930 citations

Consistent model and moment selection procedures for GMM estimation with application to dynamic panel data models

2001 • 869 citations

Investment and Demand Uncertainty

1999 • 801 citations

An Analysis of the Real Interest Rate Under Regime Shifts

1996 • 798 citations

Optimal Investment with Costly Reversibility

1996 • 629 citations

Plant-Level Adjustment and Aggregate Investment Dynamics

1995 • 513 citations

Explaining Investment Dynamics in U.S. Manufacturing: A Generalized (S, s) Approach

1999 • 503 citations

Credit Rationing in Markets with Imperfect Information

1981 • 475 citations

Irreversibility and Aggregate Investment

1994 • 466 citations

Displaced Capital: A Study of Aerospace Plant Closings

2001 • 451 citations

How responsive is business capital formation to its user cost?

1999 • 413 citations

The Dynamic Demand for Capital and Labor

1986 • 357 citations

Idiosyncratic Shocks and the Role of Nonconvexities in Plant and Aggregate Investment Dynamics

2008 • 288 citations

A CEO Survey of U.S. Companies' Time Horizons and Hurdle Rates

1995 • 279 citations

Is Lumpy Investment Relevant for the Business Cycle?

2002 • 258 citations

The Investment Decisions of Firms.

1980 • 244 citations

Internal Net Worth and the Investment Process: An Application to U.S. Agriculture

1992 • 227 citations

The effects of irreversibility and uncertainty on capital accumulation

1999 • 218 citations

The rate of return to corporate capital and factor shares: new estimates using revised national income accounts and capital stock data

1998 • 210 citations

Nonlinear response of firm investment to Q:

1998 • 192 citations

Plant-Level Irreversible Investment and Equilibrium Business Cycles

2002 • 174 citations

International evidence on investment and fundamentals

1997 • 150 citations

Investment spikes: New facts and a general equilibrium exploration

2007 • 130 citations

Investment and Demand Uncertainty

1996 • 109 citations

Why Do Investment Euler Equations Fail?

1998 • 84 citations

Investment, Capital Market Imperfections, and Uncertainty: Theory and Empirical Results

2002 • 54 citations

Economic Instability and Aggregate Investment

1993 • 54 citations

The Impact of Uncertainty on Investment Plans

2002 • 49 citations

What Fraction of a Capital Investment is Sunk Costs?

2000 • 49 citations

On Corporate Tax Asymmetries and Neutrality

2001 • 41 citations

The Initial Value Problem

2003 • 40 citations

Exploring the Role of Uncertainty for Corporate Investment Decisions in Germany

2000 • 39 citations

Consistent Model and Moment Selection Criteria for GMM Estimation with Application to Dynamic Panel Data Models

1999 • 33 citations

The Influence of Uncertainty on Investment in the UK: A Macro or Micro Phenomenon?

2001 • 31 citations

Lumpy Investment in Dynamic General Equilibrium

2006 • 28 citations

A revealed preference approach to understanding corporate governance problems: Evidence from Canada

2004 • 28 citations

The Risky Spread, Investment, and Monetary Policy Transmission: Evidence on the Role of Asymmetric Information

1996 • 25 citations

Firms' Investment and Finance Decisions: Theory and Empirical Methodology

2003 • 14 citations

Irreversible investment and endogenous financing

1999 • 13 citations

Investment, cash flow, and uncertainty: evidence for the Netherlands

2001 • 9 citations