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A common end result from altering many essential assumptions on the neoclassical investment design with convex adjustment charges is that investment may occur in lumpy episodes. This paper takes a step back and asks "How lumpy is investment?" We reply this issue by documenting the distributions of investment and funds adjustment for the sample of o
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Prior to now ten years, Chinese oil corporations have set up by themselves in Sudan, manufacturing more than 400,000 barrels on a daily basis for export back to China. This In spite of Sudan’s ongoing civil war and well-publicized human rights abuses.Corporations are focused on different components of ESG, but “I feel the No. 1 subject matter�
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