An equilibrium model of irreversible investment

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Real Asset Illiquidity and the Cost of Capital (2014, background): “…in CRSP; DivPay equals 1 if the firm pays dividends, and 0 otherwise; SalGrow is sales growth; LogInvPrice is the logarithm of 1 divided by the stock price as of the estimation date of ICC; RetPM is the stock return over the past month; and RetP12M is the stock return over the past 12 months.”
The Value Premium (2005, unknown): “Dixit and Pindyck (1994) survey the literature on irreversible investment and Kogan (2000, 2001) examines the implications of irreversibility on investment and time-varying return volatility in a two-sector general equilibrium model.”
Asset prices and real investment (2004, background): “Gomes, Kogan, and Zhang (2001) analyze the cross-sectional properties of stock returns in a general equilibrium setting and trace the link between market-to-book ratios and expected returns to firms’ idiosyncratic profitability characteristics.”
Organization Capital and the Cross-Section of Expected Returns (2013, unknown): “For a theoretical illustration of this mechanism see Kogan (2001; 2004) and Zhang (2005). We classify a year as a recession if more than six months of that year fall within the NBER recession dates.”