Peer effect is attractive as firms try to mimic financial decisions taken by one another. The current study explores the impact of peers' investment decisions on corporate firm's investment decisions. To capture this essence, the study utilized firm-specific characteristics as well as peer...

In den letzten Jahrzehnten wurden zahlreiche Instrumente zur Förderung von Investitionen entwickelt. Mit diesen Förderinstrumenten sind für die Investoren unterschiedlich hohe Vorteile (Vergünstigungseffekte) verbunden. Die Höhe der Begünstigung hängt von der individuellen Situation des...

Purpose: Prior studies suggest that an informative stock price helps corporate investment decisions. Since short-selling improves the informativeness of stock prices, short-selling could influence corporate investment. This study examines this conjecture. Design/methodology/approach: Using...