We demonstrate that, by exploiting more fully the distribution of leverage, conditional
quantile regression methods yield new insights into the choice of leverage ratio. For UK …

We examine the impact of uncertainty on employment dynamics. Alternative measures of
uncertainty are constructed based on the survey of professional forecasters, and regression …

Purpose The purpose of this paper is twofold. First, based on the value optimization problem
of the firm, the authors proposed a theoretical model for firms' investment decisions, which …

This study investigates the effects of firm-specific, market-based, CAPM-based, and
economic policy uncertainty on the relationship between leverage and investment for firms …

Contribution/Originality: This research contributes favorably to a country's prospective
investors and firms' internal environment to manage the investment opportunities during …

We examine the empirical relevance of standard theories explaining the motivation of
Seasoned Equity Offerings (SEOs) in the Chinese context. Analyzing Chinese SEOs during …

Environmental regulations safeguard public health and the environment by curbing
industrial pollution through the restriction of harmful industrial activities. These regulations …

We investigate the impact of debt on a panel of US manufacturing firms' capital investment
behavior as the underlying firm-specific and market-level uncertainty changes. Our …

We explore the relevance of the risk attitude of managers to the investment-uncertainty
relation. Higher moments of the distribution of net profits are used to measure the risk …

In this paper we examine the predictive power of the heterogeneous autoregressive (HAR)
model for the return volatility of major European government bond markets. The results from …