内容

目次

Introduction - field of interest, outline. Part 1 Capital marketimperfections: investment and capital market imperfections - theory -the neoclassical world - Modigliani-Miller, economics of imperfection,capital market imperfections and investment - the importance ofinternal funds, conclusions; investment and capital marketimperfections - empirics - reduced form investment models, Eulerequation models, vector autoregression (VAR) models, conclusions. Part2 Investment under uncertainty: investment under uncertainty - orthodoxmodels - orthodox models without adjustment costs, orthodox models withadjustment costs, conclusions; the option approach to investment underuncertainty - a basic example, the optimal timing of an investmentproject - the McDonald-Siegel model, optimal irreversible investment -the Bertola model, optimal irreversible investment for a perfectlycompetitive firm with a constant returns to scale production function -the Carabello model, limited reversibility and expandability - the ADEPmodel, non-linear effects of undertainty, conclusions; empirics of theinvestment uncertainty relationship - measuring uncertainty, empiricalevidence on the investment uncertainty relationship, conclusions.