162482 20251017144546.0 doi 10.2753/REE1540-496X4706S502 sideral 76223 ART-2011-76223 eng Pastor-Agustín, G. Universidad de Zaragoza (orcid)0000-0002-4858-3693 Complementary assets and investment decisions 2011 Access copy available to the general public Unrestricted This 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. info:eu-repo/grantAgreement/ES/DGA/S42-17R-CREVALOR info:eu-repo/grantAgreement/ES/MEC/ECO2009-09623 info:eu-repo/semantics/openAccess by-nc-nd https://creativecommons.org/licenses/by-nc-nd/4.0/deed.es 0.953 2011 ECONOMICS 132 / 320 = 0.412 2011 Q2 T2 INTERNATIONAL RELATIONS 25 / 80 = 0.312 2011 Q2 T1 BUSINESS 72 / 112 = 0.643 2011 Q3 T2 info:eu-repo/semantics/article info:eu-repo/semantics/acceptedVersion Ramírez-Alesón, M. Universidad de Zaragoza (orcid)0000-0002-9758-0149 Espitia-Escuer, M. Universidad de Zaragoza (orcid)0000-0002-8496-5656 4012 650 Universidad de Zaragoza Dpto. Direcc.Organiza.Empresas Área Organización de Empresas 47, 5 (2011), 25-39 Emerg. Mark. Financ. Trade EMERGING MARKETS FINANCE AND TRADE 1540-496X 252740 http://zaguan.unizar.es/record/162482/files/texto_completo.pdf Postprint 1349958 http://zaguan.unizar.es/record/162482/files/texto_completo.jpg?subformat=icon icon Postprint oai:zaguan.unizar.es:162482 articulos driver 2025-10-17-14:10:00 ARTICLE