Research classified by Journal of Economic Literature (JEL) codes

2004

• Hyytinen, Ari & Väänänen, Lotta, 2004, "Mandatory Auditor Choice and Small Finance: Evidence from Finland," Discussion Papers, The Research Institute of the Finnish Economy, number 950.
• Andreas Roider, 2004, "Asset Ownership and Contractibility of Interaction," RAND Journal of Economics, The RAND Corporation, volume 35, issue 4, pages 787-802, Winter.
• Sergey Levendorskiy & Svetlana Boyarchenko, 2004, "Practical guide to real options in discrete time," Computing in Economics and Finance 2004, Society for Computational Economics, number 137, Aug.
• Kijima, Masaaki & Shibata & Takashi, 2004, "The Impacts of Fragmented Volatilities by Learning about Predictability in the Real Options Approach," Computing in Economics and Finance 2004, Society for Computational Economics, number 255, Aug.
• Sorin Tuluca & Piotr Stalinski, 2004, "The Manufacturing Flexibility to Switch Products: Valuation and Optimal Strategy," Computing in Economics and Finance 2004, Society for Computational Economics, number 292, Aug.
• Carsten Homburg & Marliese Uhrig-Homburg, 2004, "Zentrales und dezentrales Risikocontrolling in Industrieunternehmen," Schmalenbach Journal of Business Research, Springer, volume 56, issue 4, pages 311-332, June, DOI: 10.1007/BF03372739.
• Enrico C. Perotti & Ernst-Ludwig von Thadden, 2004, "The Political Economy of Dominant Investors," Tinbergen Institute Discussion Papers, Tinbergen Institute, number 04-091/2, Aug.
• Huisman, K.J.M. & Kort, P.M., 2004, "Strategic technology adoption taking into account future technological improvements : A real options approach," Other publications TiSEM, Tilburg University, School of Economics and Management, number cfab60d6-970e-4dc7-b11c-e.
• Pawlina, G. & Kort, P.M., 2005, "Investment under uncertainty and policy change," Other publications TiSEM, Tilburg University, School of Economics and Management, number dc869876-eaea-427c-ad5f-5.
• Vidhan K. Goyal & Takeshi Yamada, 2004, "Asset Price Shocks, Financial Constraints, and Investment: Evidence from Japan," The Journal of Business, University of Chicago Press, volume 77, issue 1, pages 175-200, January, DOI: 10.1086/379866.
• Yongil Jeon & Taekwon Kim & Stephen M. Miller, 2004, "The Value of Waiting: Foreign Direct Investment with Uncertainty and Imperfect Local Knowledge," Working papers, University of Connecticut, Department of Economics, number 2004-44, Jul.
• Christian Bayer, 2004, "Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections," Econometrics, University Library of Munich, Germany, number 0405001, May.
• Svetlana Boyarchenko & Sergei Levendorskii, 2004, "Real options and the universal bad news principle," Finance, University Library of Munich, Germany, number 0405011, May.
• Svetlana Boyarchenko & Sergei Levendorskii, 2004, "Practical guide to real options in discrete time," Finance, University Library of Munich, Germany, number 0405016, May.
• Savvakis C. Savvides, 2004, "Risk Analysis in Investment Appraisal," Finance, University Library of Munich, Germany, number 0409020, Sep.
• Kedar S. Kulkarni & Tarun Sabarwal, 2004, "To what extent are investment bank-differentiating factors relevant for firms floating moderate-sized IPOs?," Finance, University Library of Munich, Germany, number 0410005, Oct, revised 01 Dec 2005.
• Svetlana Boyarchenko & Sergey Levendorskiy, 2004, "Optimal stopping made easy," Finance, University Library of Munich, Germany, number 0410016, Oct.
• Christian Hopp & Finn Rieder, 2004, "What drives Venture Capital Syndication," Finance, University Library of Munich, Germany, number 0412023, Dec, revised 12 Jan 2006.
• Christian Bayer, 2004, "On the Interaction of Financial Frictions and Fixed Capital Adjustment Costs: Evidence from a Panel of German Firms," Macroeconomics, University Library of Munich, Germany, number 0410006, Oct.
• Christian Bayer, 2004, "Aggregate investment dynamics when firms face fixed investment cost and capital market imperfections," Macroeconomics, University Library of Munich, Germany, number 0411018, Nov.
• Luis H.R. Alvarez & Erkki Koskela, 2004, "Irreversible investment under interest rate variability: new results," Others, University Library of Munich, Germany, number 0404007, Apr.
• Erkka Näsäkkälä & Stein- Erik Fleten, 2004, "Flexibility and Technology Choice in Gas Fired Power Plant Investments," Others, University Library of Munich, Germany, number 0405004, May, revised 06 Apr 2006.
• Anil Arya & Hans Frimor & Brian Mittendorf, 2004, "Pouring Money Down the Drain? How Sunk Investments and Signing Bonuses can Improve Employee Incentives," Yale School of Management Working Papers, Yale School of Management, number ysm412, Jul.
• Walz, Uwe & Cumming, Douglas, 2004, "Private equity returns and disclosure around the world," CFS Working Paper Series, Center for Financial Studies (CFS), number 2004/05.
• Cumming, Douglas & Schmidt, Daniel & Walz, Uwe, 2004, "Legality and venture governance around the world," CFS Working Paper Series, Center for Financial Studies (CFS), number 2004/17.
• Diganta Mukherjee & Tejamoy Ghose, 2004, "An analysis of corporate performance and governance in India: Study of some selected industries," Discussion Papers, Indian Statistical Institute, Delhi, number 04-19, Jun.
• Cristiano Machado Costa & Lourenço Senne Paz, 2004, "Are Brazilian Firms Savings Sensitive To Cash Windfalls?," Anais do XXXII Encontro Nacional de Economia [Proceedings of the 32nd Brazilian Economics Meeting], ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics], number 063.
• Catalina Delgado González, 2004, "Inversión y restricciones crediticias en Colombia en la década de los noventa," Revista ESPE - Ensayos sobre Política Económica, Banco de la Republica de Colombia, volume 22, issue 47, pages 8-55, December, DOI: 10.32468/Espe.4701.
• Kees G. Koedijk & Mathijs A. Van Dijk, 2004, "The Cost of Capital of Cross‐listed Firms," European Financial Management, European Financial Management Association, volume 10, issue 3, pages 465-486, September, DOI: 10.1111/j.1354-7798.2004.00259.x.
• Sílvio Rendon, 2004, "Job Creation and Investment in Imperfect Capital and Labor Markets," Economic Working Papers at Centro de Estudios Andaluces, Centro de Estudios Andaluces, number E2004/35.
• Luis H. R. Alvarez & Erkki Koskela, 2002, "Irreversible Investment under Interest Rate Variability: New Results," CESifo Working Paper Series, CESifo, number 640.
• Sangeeta Pratap & Carlos Urrutia, 2004, "Firm Dynamics, Investment, and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994," Working Papers, Centro de Investigacion Economica, ITAM, number 0406, Mar.
• Svetlana Boyarchenko & Sergei Levendorskii, 2004, "Real options and the universal bad news principle," Levine's Bibliography, UCLA Department of Economics, number 122247000000000430, Sep.
• Ángel León & Diego Piñeiro, 2004, "Valuation of a Biotech Company: A Real Options Approach," Working Papers, CEMFI, number wp2004_0420.
• Catalina Delgado González, 2004, "Inversión y restricciones crediticias en Colombia en la década de los noventa," Revista ESPE - Ensayos Sobre Política Económica, Banco de la República, volume 22, issue 47, pages 8-55, DOI: 10.32468/Espe.4701.
• Guillermo López Dumrauf, 2004, "Las opciones reales: ¿hacia un nuevo paradigma en valuación?," I Simposio Docentes de Finanzas, Politécnico Grancolombiano, number 3121, Jul.
• Edinson Caicedo, 2004, "Medición de Indicadores Betas del Capital Propio a Través de Información Contable," I Simposio Docentes de Finanzas, Politécnico Grancolombiano, number 3191, Jul.
• Ignacio V√©lez Pareja & Joseph Tham, 2004, "EVA(c) Made Simple: Is it Possible?," Proyecciones Financieras y Valoración, Master Consultores, number 1895, Feb.
• Ignacio V√©lez-Pareja, 2004, "C√°lculo correcto y sencillo del valor a precios de mercado. Una comparaci√≥n con otros m√©todos," Proyecciones Financieras y Valoración, Master Consultores, number 2076, Jul.
• Ignacio V√©lez-Pareja & Joseph Tham, 2004, "Consistency in Chocolate. A Fresh Look at Copeland‚Äôs Hershey Foods & Co Case," Proyecciones Financieras y Valoración, Master Consultores, number 2191, Jan.
• Joseph Tham & Ignacio V√©lez-Pareja, 2004, "For finite cash flows, what is the correct formula for the return to levered equity?," Proyecciones Financieras y Valoración, Master Consultores, number 2734, May.
• Ignacio V√©lez-Pareja & Joseph Tham, 2004, "Hershey Chocolate in Two Flavors: Kd and Ku," Proyecciones Financieras y Valoración, Master Consultores, number 2788, Feb.
• Ignacio V√©lez-Pareja, 2004, "Modeling the Financial Impact of Regulatory Policy: Practical Recommendations and Suggestions. The Case of World Bank," Proyecciones Financieras y Valoración, Master Consultores, number 3228, Aug.
• Ignacio V√©lez-Pareja, 2004, "Tasas de inter√©s efectivas y nominales: el calvario de los estudiantes de finanzas," Proyecciones Financieras y Valoración, Master Consultores, number 3541, Feb.
• Ignacio V√©lez-Pareja, 2004, "The Correct Definition for the Cash Flows to Value a Firm (Free Cash Flow and Cash Flow to Equity)," Proyecciones Financieras y Valoración, Master Consultores, number 3577, Aug.
• Ignacio V√©lez Pareja & Joseph Tham, 2004, "Timanco S. A.: Impuestos por pagar, p√©rdidas amortizadas, deuda en divisas, renta presuntiva y ajustes por inflaci√≥n. Su tratamiento con Flu," Proyecciones Financieras y Valoración, Master Consultores, number 3643, Jan.
• Joseph Tham & Ignacio V√©lez Pareja, 2004, "Top 9 (Unnecessary and Avoidable) Mistakes in Cash Flow Valuation," Proyecciones Financieras y Valoración, Master Consultores, number 3648, Feb.
• GAUTIER, Axel & WAUTHY, Xavier, 2004, "Teaching versus research: a multi-tasking approach to multi-department universities," LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE), number 2004003, Feb.
• GAUTIER, Axel & HAMADI, Malika, 2004, "Internal capital market efficiency of Belgian holding companies," LIDAM Discussion Papers CORE, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE), number 2004086, Dec.
• Zechner, Josef & Stoughton, Neal, 2004, "Optimal Capital Allocation Using RAROC(tm) and EVA," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4169, Jan.
• Perotti, Enrico & Vesnaver, Luka, 2004, "Enterprise Finance and Investment in Listed Hungarian Firms," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4194, Jan.
• Campa, José Manuel & Fernandes, Nuno, 2004, "Sources of Gains from International Portfolio Diversification," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 4390, May.
• LÖNING, Hélène & BESSON, Madeleine & MENDOZA, Carla, 2004, "Using projective techniques to further understanding of the RAPM-PEU relationship : evidence from the experience of marketing and sales managers," HEC Research Papers Series, HEC Paris, number 799, Jul.
• Fernandez, Pablo, 2004, "Rentabilidad y creación de valor para los accionistas de las empresas españolas y del IBEX 35. 1992-2003," IESE Research Papers, IESE Business School, number D/541, Mar.
• Fernandez, Pablo, 2004, "Value of tax shields and the risk of the net increase of debt, The. Year 2004," IESE Research Papers, IESE Business School, number D/544, Mar.
• Fernandez, Pablo & Reinoso, Laura, 2004, "Shareholder value creators in the S&P 500: Year 2003," IESE Research Papers, IESE Business School, number D/545, Mar.
• Fernandez, Pablo & Villanueva, Alvaro, 2004, "Shareholder value creation in Europe. Eurostoxx 50: 1997-2003," IESE Research Papers, IESE Business School, number D/547, Mar.
• Fernandez, Pablo, 2004, "On the instability of betas: The case of Spain," IESE Research Papers, IESE Business School, number D/548, Mar.
• Fernandez, Pablo, 2004, "Equivalence of ten different discounted cash flow valuation methods," IESE Research Papers, IESE Business School, number D/549, Mar.
• Fernandez, Pablo, 2004, "80 common and uncommon errors in company valuation," IESE Research Papers, IESE Business School, number D/550, Mar.
• Fernandez, Pablo, 2004, "Are calculated betas good for anything?," IESE Research Papers, IESE Business School, number D/555, Apr.
• Fernandez, Pablo, 2004, "Shareholder value creation of microsoft and GE," IESE Research Papers, IESE Business School, number D/564, Jul.
• Fernandez, Pablo, 2004, "Most common errors in company valuation," IESE Research Papers, IESE Business School, number D/565, Jul.
• Fernandez, Pablo, 2004, "Market risk premium: Required, historical and expected," IESE Research Papers, IESE Business School, number D/574, Oct.
• Fernandez, Pablo, 2004, "Reply to "The value of tax shields is equal to the present value of tax shields"," IESE Research Papers, IESE Business School, number D/576, Nov.
• Fernandez, Pablo, 2004, "Comments on "A reconsideration of tax shield valuation" by Enrique R. Arzac and Lawrence R. Glosten," IESE Research Papers, IESE Business School, number D/578, Nov.
• Moeller, Sara B. & Schilngemann, Frederik P. & Stulz, Rene M., 2004, "Do Acquirers with More Uncertain Growth Prospects Gain Less from Acquisitions?," Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics, number 2004-19, Aug.
• Jandik, Tomas & Makjija, Anil K., 2004, "Can Diversification Create Value? Evidence from the Electric Utility Industry," Working Paper Series, Ohio State University, Charles A. Dice Center for Research in Financial Economics, number 2005-7, Dec.
• Pratap, Sangeeta & Urrutia, Carlos, 2004, "Firm dynamics, investment and debt portfolio: balance sheet effects of the Mexican crisis of 1994," Journal of Development Economics, Elsevier, volume 75, issue 2, pages 535-563, December.
• Magni, Carlo Alberto, 2004, "Modelling excess profit," Economic Modelling, Elsevier, volume 21, issue 3, pages 595-617, May.
• Hallerbach, Winfried & Ning, Haikun & Soppe, Aloy & Spronk, Jaap, 2004, "A framework for managing a portfolio of socially responsible investments," European Journal of Operational Research, Elsevier, volume 153, issue 2, pages 517-529, March.
• Huisman, Kuno J. M. & Kort, Peter M., 2004, "Strategic technology adoption taking into account future technological improvements: A real options approach," European Journal of Operational Research, Elsevier, volume 159, issue 3, pages 705-728, December.
• Perotti, Enrico C. & Vesnaver, Luka, 2004, "Enterprise finance and investment in listed Hungarian firms," Journal of Comparative Economics, Elsevier, volume 32, issue 1, pages 73-87, March.
• Brounen, D. & de Jong, A. & Koedijk, C.G., 2004, "Corporate Finance In Europe Confronting Theory With Practice," ERIM Report Series Research in Management, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam, number ERS-2004-002-F&A, Jan.
• Michele Moretto & Chiara D’Alpaos, 2004, "The Value of Flexibility in the Italian Water Service Sector: A Real Option Analysis," Working Papers, Fondazione Eni Enrico Mattei, number 2004.140, Nov.
• Simon Gilchrist & Charles P. Himmelberg & Gur Huberman, 2004, "Do stock price bubbles influence corporate investment?," Staff Reports, Federal Reserve Bank of New York, number 177.
• Ulrich Hege & D. Bergemann, 2004, "The Value of Benchmarking," Post-Print, HAL, number hal-00759765.
• Panke, Benjamin & Rebeggiani, Luca, 2004, "Cross-Border-Leasing. Ein neuer Ansatz zur Stadionfinanzierung?," Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät, number dp-307, Oct.
• Ingmar Nyman, 2004, "Stock Market Speculation and Managerial Myopia," Economics Working Paper Archive at Hunter College, Hunter College Department of Economics, number 402, revised 2004.
• Manuel Lobato Osario, 2004, "Insider Trading At The Mexican Stock Exchange: Evidence From Data Augmentation," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, volume 3, issue 2, pages 169-222, Junio 200.
• Felipe Zurita, 2004, "La Tasa de Descuento Revisitada," Documentos de Trabajo, Instituto de Economia. Pontificia Universidad Católica de Chile., number 261.

2003

• Stephan Hecking, 2003, "A methodology to measure shareholder value orientation and shareholder value creation aimed at providing a research basis to investigate the link between both magnitudes," Working Papers, Departament Empresa, Universitat Autònoma de Barcelona, number 200301, Feb.
• Andrea Caggese, 2015, "Financing Constraints, Irreversibility, and Investment Dynamics," Working Papers, Barcelona School of Economics, number 53, Sep.
• Andrea Caggese, 2015, "Testing Financing Constraints on Firm Investment Using Variable Capital," Working Papers, Barcelona School of Economics, number 65, Sep.
• Lars Oxelheim & Clas Wihlborg, 2003, "Recognizing Macroeconomic Fluctuations In Value Based Management," Journal of Applied Corporate Finance, Morgan Stanley, volume 15, issue 4, pages 104-110, September, DOI: 10.1111/j.1745-6622.2003.tb00531.x.
• Stijn Claessens & Luc Laeven, 2003, "Financial Development, Property Rights, and Growth," Journal of Finance, American Finance Association, volume 58, issue 6, pages 2401-2436, December, DOI: 10.1046/j.1540-6261.2003.00610.x.
• Priscilla Yung Medeiros, 2003, "Applications of Real Options in the Real Estate Market Focusing the City of Rio de Janeiro," Brazilian Review of Finance, Brazilian Society of Finance, volume 1, issue 1, pages 45-87.
• José Dapena & Santiago Fidalgo, 2003, "A real options approach to tender offers and acquisitions processes," CEMA Working Papers: Serie Documentos de Trabajo., Universidad del CEMA, number 232, Feb.
• Michele Moretto & Paolo Panteghini & Carlo Scarpa, 2003, "Investment Size and Firm's Value under Profit Sharing Regulation," CESifo Working Paper Series, CESifo, number 1040.
• Chang Woon Nam & Doina Radulescu & Doina Maria Radulescu, 2003, "Effects of Tax Depreciation Rules on Firms' Investment Decisions: A Comparison of European Transition Countries," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, volume 1, issue 02, pages 52-55, February.
• Margaret Insley, 2003, "On the option to invest in pollution control under a regime of tradable emissions allowances," Canadian Journal of Economics, Canadian Economics Association, volume 36, issue 4, pages 860-883, November, DOI: 10.1111/1540-5982.t01-3-00004.
• Meritxell Albertí & Ángel León & Gerard Llobet, 2003, "Evaluation of a Taxi Sector Reform: A Real Options Approach," Working Papers, CEMFI, number wp2003_0312.
• Ignacio V√©lez Pareja & Antonio Burbano P√©rez, 2003, "A Practical Guide for Consistency in Valuation: Cash Flows, Terminal Value and Cost of Capital," Proyecciones Financieras y Valoración, Master Consultores, number 1927, Dec.
• Nicholas X. Wonder & Paul Fieten & Lutz Kruschwitz & y otros (ver lista abajo), 2003, "Comment on 'The Value of Tax Shields is NOT Equal to the Present Value of Tax Shields', Including an Arbitrage Opportunity," Proyecciones Financieras y Valoración, Master Consultores, number 2163, Dec.
• Ignacio V√©lez Pareja & Joseph Tham, 2003, "¬øCoinciden EVA(R) y Utilidad Economica (UE) con los metodos de Flujo de Caja Descontado en valoracion de empresas?," Proyecciones Financieras y Valoración, Master Consultores, number 3788, Aug.
• Sapienza, Paola & Polk, Christopher, 2003, "The Real Effects of Investor Sentiment," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 3826, Mar.
• Perotti, Enrico & Biais, Bruno, 2003, "Entrepreneurs and New Ideas," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 3864, Apr.
• von Thadden, Ernst-Ludwig & Perotti, Enrico, 2003, "The Political Economy of Bank and Equity Dominance," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 3914, May.
• Yaron, Amir & Gomes, Joao & Zhang, Lu, 2003, "Asset Prices and Business Cycles with Costly External Finance," CEPR Discussion Papers, C.E.P.R. Discussion Papers, number 3927, Jun.
• Pascal Barneto, 2003, "La scission d'Eridania-Béghin-Say:essai d'évaluation par un modèle d'options réelles," Revue Finance Contrôle Stratégie, revues.org, volume 6, issue 2, pages 5-42, June.
• Céline Chatelin, 2003, "Privatization and Stakeholder Governance:Theoretical and Methodological issues;Privatisation et gouvernance partenariale enjeux théoriques et méthodologiques," Working Papers CREGO, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations, number 1030101, Jan.
• Céline Chatelin, 2003, "Stakeholder Governance and Organizational Performance: Lessons from past privatizations;Gouvernance partenariale et performance organisationnelle:les enseignements des privatisations passées," Working Papers CREGO, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations, number 1030102, Jan.
• Céline Chatelin, 2003, "Privatization of Air France:A Test of The Stakeholder Corporate Governance Theory;La privatisation d'Air France : un test de la théorie de la gouvernance partenariale," Working Papers CREGO, Université de Bourgogne - CREGO EA7317 Centre de recherches en gestion des organisations, number 1030103, Jan.
• Fernandez, Pablo & Reinoso, Laura, 2003, "Shareholder value creators and shareholder value destroyers in USA. Year 2001," IESE Research Papers, IESE Business School, number D/485, Jan.
• Fernandez, Pablo, 2003, "Three residual income valuation methods and discounted cash flow valuation," IESE Research Papers, IESE Business School, number D/487, Jan.
• Fernandez, Pablo, 2003, "Levered and unlevered Beta," IESE Research Papers, IESE Business School, number D/488, Jan.
• Fernandez, Pablo & Reinoso, Laura, 2003, "Shareholder value creators and shareholder value destroyers in USA. Year 2002," IESE Research Papers, IESE Business School, number D/501, Apr.
• Fernandez, Pablo, 2003, "How to value a seasonal company by discounting cash flows," IESE Research Papers, IESE Business School, number D/511, Jul.
• Fernandez, Pablo & Villanueva, Alvaro, 2003, "Shareholder value creators and shareholder value destroyers in Europe. Year 2002," IESE Research Papers, IESE Business School, number D/514, Aug.
• Fernandez, Pablo, 2003, "Equivalence of ten different methods for valuing companies by cash flow discounting," IESE Research Papers, IESE Business School, number D/524, Nov.
• Fernandez, Pablo, 2003, "75 common and uncommon errors in company valuation," IESE Research Papers, IESE Business School, number Db/515, Aug.
• Pratap, Sangeeta, 2003, "Do adjustment costs explain investment-cash flow insensitivity?," Journal of Economic Dynamics and Control, Elsevier, volume 27, issue 11-12, pages 1993-2006, September.
• Pratap, Sangeeta, 2003, "Do adjustment costs explain investment-cash flow insensitivity?," Journal of Economic Dynamics and Control, Elsevier, volume 27, issue 11, pages 1993-2006, DOI: 10.1016/S0165-1889(02)00113-6.
• Holt, Richard W. P., 2003, "Investment and dividends under irreversibility and financial constraints," Journal of Economic Dynamics and Control, Elsevier, volume 27, issue 3, pages 467-502, January.
• Carranza, Luis J. & Cayo, Juan M. & Galdon-Sanchez, Jose E., 2003, "Exchange rate volatility and economic performance in Peru: a firm level analysis," Emerging Markets Review, Elsevier, volume 4, issue 4, pages 472-496, December.
• Pelsser, A.A.J., 2003, "Risico en Rendement in Balans voor Verzekeraars," ERIM Inaugural Address Series Research in Management, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus University Rotterdam., number EIA-2003-018-F&A, May.
• Michael J. Barclay & Erwan Morellec & Clifford W. Smith, 2003, "On the debt Capacityof growth Options," FAME Research Paper Series, International Center for Financial Asset Management and Engineering, number rp121, Jan.
• Pascal BOTTERON & Jean-François CASANOVA, 2003, "Start-ups Defined as Portfolios of Embedded Options," FAME Research Paper Series, International Center for Financial Asset Management and Engineering, number rp85, May.
• Alessandra Del Boca & Marzio Galeotti & Paola Rota, 2003, "Non-convexities in the Adjustment of Different Capital Inputs: A Firm-level Investigation," Working Papers, Fondazione Eni Enrico Mattei, number 2003.35, Apr.
• Michele Moretto & Paolo M. Panteghini & Carlo Scarpa, 2003, "Investment Size and Firm’s Value Under Profit Sharing Regulation," Working Papers, Fondazione Eni Enrico Mattei, number 2003.80, Sep.
• Andrea Caggese, 2003, "Financing Constraints, Irreversibility, and Investment Dynamics," FMG Discussion Papers, Financial Markets Group, number dp440, Mar.
• Löffler, Andreas, 2003, "Das Standardmodell unter Unsicherheit ist ökonomisch unsinnig," Hannover Economic Papers (HEP), Leibniz Universität Hannover, Wirtschaftswissenschaftliche Fakultät, number dp-274, Mar.
• Ishikawa, Tatsuya & Yamai, Yasuhiro & Ieda, Akira, 2003, "On the Risk Capital Framework of Financial Institutions," Monetary and Economic Studies, Institute for Monetary and Economic Studies, Bank of Japan, volume 21, issue 3, pages 83-105, October.
• Eduardo Zelaya de la Parra, 2003, "Optimal Investment And Finance In A Dynamic Model Of The Firm," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, volume 2, issue 2, pages 163-173, Junio 200.
• Radó, Márk, 2003, "Infláció, tőkeköltség és a magyar tulajdonosok versenyhátránya
  [Inflation, capital costs and the competitive disadvantage of Hungarian owners]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), volume 0, issue 11, pages 964-987.
• Diderik Lund, 2003, "How to analyze the investment–uncertainty relationship in real option models?," EPRU Working Paper Series, Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics, number 03-17, Nov.
• Costas M. Stephanou & Gawie S. du Toit & Marius J. Maritz, 2003, "The Release of Nelson Mandela: Effect on the Johannesburg Securities Exchange," Multinational Finance Journal, Multinational Finance Journal, volume 7, issue 3-4, pages 153-175, September.
• Emilio Colombo & Luca Stanca, 2003, "Investment Decisions and the Soft Budget Constraint: Evidence from Hungarian Manufacturing Firms," Working Papers, University of Milano-Bicocca, Department of Economics, number 68, Dec, revised Dec 2003.
• Marcello SPANO', 2003, "Productivity shocks and hedging: theory and evidence," Departmental Working Papers, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, number 2003-026, Jan.
• Marcello SPANO', 2003, "Productivity shocks and hedging: theory and evidence," Departmental Working Papers, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano, number 2003-26, Jan.
• Jason C. Hsu & Eduardo S. Schwartz, 2003, "A Model of R&D Valuation and the Design of Research Incentives," NBER Working Papers, National Bureau of Economic Research, Inc, number 10041, Oct.
• Eduardo S. Schwartz, 2003, "Patents and R&D as Real Options," NBER Working Papers, National Bureau of Economic Research, Inc, number 10114, Nov.
• Kenneth A. Froot, 2003, "Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers," NBER Working Papers, National Bureau of Economic Research, Inc, number 10184, Dec.
• Lee Pinkowitz & Rene M. Stulz & Rohan Williamson, 2003, "Do Firms in Countries with Poor Protection of Investor Rights Hold More Cash?," NBER Working Papers, National Bureau of Economic Research, Inc, number 10188, Dec.
• Gayane Hovakimian & Sheridan Titman, 2003, "Corporate Investment with Financial Constraints: Sensitivity of Investment to Funds from Voluntary Asset Sales," NBER Working Papers, National Bureau of Economic Research, Inc, number 9432, Jan.
• Sara B. Moeller & Frederik P. Schlingemann & Rene M. Stulz, 2003, "Do shareholders of acquiring firms gain from acquisitions?," NBER Working Papers, National Bureau of Economic Research, Inc, number 9523, Mar.
• Oscar Gutierrez Arnaiz & Francisco Ruiz-Aliseda, 2003, "Real Options with Unknown-Date Events," Discussion Papers, Northwestern University, Center for Mathematical Studies in Economics and Management Science, number 1378, Oct.
• Margit Molnar, 2003, "Post-Crisis Changes in Banking and Corporate Landscapes in Dynamic Asia," OECD Economics Department Working Papers, OECD Publishing, number 362, Jul, DOI: 10.1787/235437184066.
• Margit Molnar, 2003, "Post-Crisis Changes in Banking and Corporate Landscapes: The Case of Thailand," OECD Economics Department Working Papers, OECD Publishing, number 363, Jul, DOI: 10.1787/145078855616.
• Kwang-Yeol Yoo, 2003, "Corporate Taxation of Foreign Direct Investment Income 1991-2001," OECD Economics Department Working Papers, OECD Publishing, number 365, Aug, DOI: 10.1787/218605563356.
• Malcolm Baker & Jeremy C. Stein & Jeffrey Wurgler, 2003, "When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms," The Quarterly Journal of Economics, President and Fellows of Harvard College, volume 118, issue 3, pages 969-1005.
• Shih-Jen Kathy Ho & Lilian Chan & Daniel L. Tompkins, 2003, "Capital Budgeting and Entrepreneurial Organizations: A Survey of Hospital Practices," Journal of Entrepreneurial Finance, Pepperdine University, Graziadio School of Business and Management, volume 8, issue 1, pages 111-127, Spring.
• Rodolfo Q. Aquino, 2003, "Does corporate diversification create value?," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, volume 40, issue 2, pages 103-115, December.
• Gomes Santana Félix, Elisabete, 2003, "Opções reais: tipologias e sua avaliação
  [Real options: typologies and its evaluation]," MPRA Paper, University Library of Munich, Germany, number 6186.
• Sangeeta Pratap & Silvio Rendon, 2003, "Firm Investment in Imperfect Capital Markets: A Structural Estimation," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, volume 6, issue 3, pages 513-545, July, DOI: 10.1016/S1094-2025(03)00019-X.
• Joao F. Gomes & Amir Yaron & Lu Zhang, 2003, "Asset Prices and Business Cycles with Costly External Finance," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, volume 6, issue 4, pages 767-788, October, DOI: 10.1016/S1094-2025(03)00061-9.
• Jochen Bigus, 2003, "Heterogeneous Beliefs, Moral Hazard, and Capital Structure," Schmalenbach Business Review (sbr), LMU Munich School of Management, volume 55, issue 2, pages 136-160, April.
• James E. Foster & Tapan Mitra, 2003, "Ranking investment projects," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), volume 22, issue 3, pages 469-494, October, DOI: 10.1007/s00199-002-0339-y.
• Halit Gonenc & Goknur Z. Buyukkara & Onur Koyuncu, 2003, "Balance Sheet Exchange Rate Exposure, Investment and Firm Value : Evidence from Turkish Firms," Central Bank Review, Research and Monetary Policy Department, Central Bank of the Republic of Turkey, volume 3, issue 2, pages 1-25.
• van den Goorbergh, R.W.J. & Huisman, K.J.M. & Kort, P.M., 2003, "Risk Aversion, Price Uncertainty and Irreversible Investments," Discussion Paper, Tilburg University, Center for Economic Research, number 2003-119.
• Kort, P.M. & Pawlina, G., 2003, "Strategic capital budgeting : Asset replacement under uncertainty," Other publications TiSEM, Tilburg University, School of Economics and Management, number 6cdd5963-f015-4454-8c84-d.
• Luis Carranza & Juan M. Cayo & José E. Galdón-Sánchez, 2003, "Exchange Rate Volatility and Economic Performance in Peru: A Firm Level Analysis," Faculty Working Papers, School of Economics and Business Administration, University of Navarra, number 12/03, Sep.
• Andrea Caggese, 2003, "Testing financing constraints on firm investment using variable capital," Economics Working Papers, Department of Economics and Business, Universitat Pompeu Fabra, number 1009, Feb, revised Aug 2006.
• Molenkamp, Jan Bertus, 2003, "Risk allocation under shortfall constraints," Serie Research Memoranda, VU University Amsterdam, Faculty of Economics, Business Administration and Econometrics, number 0009.
• William M. Gentry & Christopher J. Mayer, 2003, "What Can We Learn About the Sensitivity of Investment to Stock Prices with a Better Measure of Tobin's q?," Department of Economics Working Papers, Department of Economics, Williams College, number 2003-03, Jul.
• Mihir A. Desai & William M. Gentry, 2003, "The Character and Determinants of Corporate Capital Gains," Department of Economics Working Papers, Department of Economics, Williams College, number 2003-04, Nov.
• Margaret C. Insley, 2003, "On the option to invest in pollution control under a regime of tradable emissions allowances," Canadian Journal of Economics/Revue canadienne d'économique, John Wiley & Sons, volume 36, issue 4, pages 860-883, November, DOI: 10.1111/1540-5982.t01-3-00004.
• Katherine Wyatt, 2003, "Basel II's New Standardized Approach: Possible Effects of Implementation," Finance, University Library of Munich, Germany, number 0304010, Apr.
• Michel Dacorogna & Peter Blum, 2003, "Extreme Moves in Foreign Exchange Rates and Risk Limit Setting," Risk and Insurance, University Library of Munich, Germany, number 0306004, Jun.
• Manuel Espitia Escuer & Gema Pastor Agust�n, 2003, "The investment activity of Spanish firms with tangible and intangible assets," Documentos de Trabajo, Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza, number dt2003-08, Aug.
• Alvarez, Luis H. R. & Koskela, Erkki, 2003, "Irreversible investment under interest rate variability: new results," Bank of Finland Research Discussion Papers, Bank of Finland, number 29/2003.
• Bouis, Romain, 2003, "IPOs cycle and investment in high-tech industries," CFS Working Paper Series, Center for Financial Studies (CFS), number 2003/47.
• Meitner, Matthias, 2003, "Option-Style Multi-Factor Comparable Company Valuation for Practical Use," ZEW Discussion Papers, ZEW - Leibniz Centre for European Economic Research, number 03-76.

2002

• Chulsoo Kim, 2002, "Is the Investment of Korean conglomerates Inefficient?," Korean Economic Review, Korean Economic Association, volume 18, pages 5-24.
• Charles P. Himmelberg & R. Glenn Hubbard & Inessa Love, 2002, "Investment, protection, ownership, and the cost of capital," Working Paper Research, National Bank of Belgium, number 25, May.
• Mihir A. Desai & C. Fritz Foley & James R. Hines Jr., 2002, "Dividend Policy inside the Firm," NBER Working Papers, National Bureau of Economic Research, Inc, number 8698, Jan.
• Malcolm Baker & Jeremy C. Stein & Jeffrey Wurgler, 2002, "When Does the Market Matter? Stock Prices and the Investment of Equity-Dependent Firms," NBER Working Papers, National Bureau of Economic Research, Inc, number 8750, Jan.
• Heitor Almeida & Murillo Campello & Michael S. Weisbach, 2002, "Corporate Demand for Liquidity," NBER Working Papers, National Bureau of Economic Research, Inc, number 9253, Oct.
• Joao Gomes & Amir Yaron & Lu Zhang, 2002, "Asset Prices and Business Cycles with Costly External Finance," NBER Working Papers, National Bureau of Economic Research, Inc, number 9364, Dec.
• López-Iturriaga, Félix, 2002, "Restricciones financieras e inversión en activo fijo: un análisis multivariante," Working Papers "New Trends on Business Administration". Documentos de Trabajo "Nuevas Tendencias en Dirección de Empresas"., Interuniversity Research Master and Doctorate Program (with a quality mention of ANECA) on "Business Economics", Universities of Valladolid, Burgos, Salamanca and León (Spain). Until 2008, Interuniversity Doctorate Program (with a quality mention of ANECA) “New trends in Business Administration”, Universities of Valladolid, Burgos, and Salamanca (Spain). Master en Investigación y Programa de Docto, number 2002-05, Dec.