01620cas a2200241 a 4500 AALejournalIMF007755 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855975 1018-5941 BD-DhAAL BD-DhAAL Koeva Brooks, Petya. The Facts About Time : To-Build / Petya Koeva Brooks. Washington, D.C. : International Monetary Fund, 2000. 1 online resource (22 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents new empirical evidence about the process of plant investment. Using newspaper and trade journal articles, the author collects and analyzes time-to-build data for a sample of Compustat firms. These data suggest that the average construction lead time for new plants is around two years in most industries. Business cycle fluctuations do not affect the length of time-to-build. The investment lead times are generally not sensitive to the size of the projects. Only nine percent of the firms in the sample deviate from their investment schedules and delay or abandon their projects. Mode of access: Internet IMF Working Papers; Working Paper ; No. 2000/138 Full text available on IMF http://elibrary.imf.org/view/journals/001/2000/138/001.2000.issue-138-en.xml IMF e-Library