Investment, Uncertainty, and Liquidity

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Corporate Financial and Investment Policies when Future Financing is Not Frictionless (2011, unknown): “ment. Boyle and Guthrie (2003) analyze …rms’choice of investment in a real-options framework,”
Political Uncertainty and Corporate Investment Cycles (2012, unknown): “We expect that uncertain future funding would lower the value of a firm’s option to wait and encourage the firm to expedite investment (Boyle and Guthrie (2003)).”
Costly External Financing, Investment Timing, and Investment-Cash Flow Sensitivity (2007, background): “Similar to Boyle and Guthrie (2003) and Hirth and Uhrig-Homburg (2007), I examine a setting in which a firm can choose the timing of its investments.”
Internal financial constraints, external financial constraints, and investment choice: Evidence from a panel of UK firms. (2008, background): “6 Cleary et al. (2004) state: “It is difficult to find good proxies for capital market imperfections that vary enough across observations in the sample (especially with Compustat data, where all firms are publicly traded).”