We examine firms’ investment decisions in research and development during political uncertainty using US firm quarterly data from 2005 through 2021. By using quarterly data, we minimize stickiness and overly generalized assumptions. The findings show that firms invest more in research and...

Arguably, power is necessary for the fiduciary responsibilities of the executive. While the debate on CEO power suggests entrenched attitudes and willful aggrandizations of wealth, there is no consensus. As such, we revisit the discussion and apply batteries of empirical estimation techniques in...

Oil price and its shocks matter for economic vitality and firms’ operations and strategies for the long-term and short-term. The plethora of evidence in the literature has failed to fill the gap in investigating oil’s impact on short-term needs for businesses. We attempt to fill in this...

Oil price and its shocks matter for economic vitality and firms’ operations and strategies for the long-term and short-term. The plethora of evidence in the literature has failed to fill the gap in investigating oil’s impact on short-term needs for businesses. We attempt to fill in this...

Studies show that firms in highly competitive markets execute policies that lead to higher cash holdings. We explore whether better working capital management is one of the policies these firms conduct to increase cash. Using a sample of U.S. firms, we find that firms faced with higher product...