000162482 001__ 162482 000162482 005__ 20251017144546.0 000162482 0247_ $$2doi$$a10.2753/REE1540-496X4706S502 000162482 0248_ $$2sideral$$a76223 000162482 037__ $$aART-2011-76223 000162482 041__ $$aeng 000162482 100__ $$0(orcid)0000-0002-4858-3693$$aPastor-Agustín, G.$$uUniversidad de Zaragoza 000162482 245__ $$aComplementary assets and investment decisions 000162482 260__ $$c2011 000162482 5060_ $$aAccess copy available to the general public$$fUnrestricted 000162482 5203_ $$aThis paper analyzes which simultaneous crossover effects among tangible, intangible, and current assets affect investment and disinvestment decisions on tangible and intangible assets. Controlling for nonconvexity and irreversibility effects, we analyze investment and disinvestment over 1,044 firm-year observations of Spanish firms. The results show interrelations among tangible and intangible assets affecting their investment and disinvestment decisions, a different effect of current assets on investment and disinvestment, and the existence of lumping investment. The main contribution is the control for misspecification biases since all the effects are considered together. 000162482 536__ $$9info:eu-repo/grantAgreement/ES/DGA/S42-17R-CREVALOR$$9info:eu-repo/grantAgreement/ES/MEC/ECO2009-09623 000162482 540__ $$9info:eu-repo/semantics/openAccess$$aby-nc-nd$$uhttps://creativecommons.org/licenses/by-nc-nd/4.0/deed.es 000162482 590__ $$a0.953$$b2011 000162482 591__ $$aECONOMICS$$b132 / 320 = 0.412$$c2011$$dQ2$$eT2 000162482 591__ $$aINTERNATIONAL RELATIONS$$b25 / 80 = 0.312$$c2011$$dQ2$$eT1 000162482 591__ $$aBUSINESS$$b72 / 112 = 0.643$$c2011$$dQ3$$eT2 000162482 655_4 $$ainfo:eu-repo/semantics/article$$vinfo:eu-repo/semantics/acceptedVersion 000162482 700__ $$0(orcid)0000-0002-9758-0149$$aRamírez-Alesón, M.$$uUniversidad de Zaragoza 000162482 700__ $$0(orcid)0000-0002-8496-5656$$aEspitia-Escuer, M.$$uUniversidad de Zaragoza 000162482 7102_ $$14012$$2650$$aUniversidad de Zaragoza$$bDpto. Direcc.Organiza.Empresas$$cÁrea Organización de Empresas 000162482 773__ $$g47, 5 (2011), 25-39$$pEmerg. Mark. Financ. Trade$$tEMERGING MARKETS FINANCE AND TRADE$$x1540-496X 000162482 8564_ $$s252740$$uhttps://zaguan.unizar.es/record/162482/files/texto_completo.pdf$$yPostprint 000162482 8564_ $$s1349958$$uhttps://zaguan.unizar.es/record/162482/files/texto_completo.jpg?subformat=icon$$xicon$$yPostprint 000162482 909CO $$ooai:zaguan.unizar.es:162482$$particulos$$pdriver 000162482 951__ $$a2025-10-17-14:10:00 000162482 980__ $$aARTICLE