We ask whether the quality of internal information matters for investment decisions. We predict that investment is more … information properties. We find that the sensitivity of investment to profitability is increasing, while the sensitivity of … investment to market-to-book is decreasing in internal information quality. Our focus on internal information and decision making …

We investigate the effect of auditor litigation risk on firm-level investment. Exploiting the staggered increase in … leads to an increase in corporate investments. This effect holds true for both investment in fixed assets and investment in … labour. Firms in states with increased auditor litigation risk are also more efficient in their investment in fixed assets …

We compare how bond market access affects firms' investment decisions in the United States and the euro area. Having a … ratings have no effect on investment decisions. Similarly, firms with bond ratings have higher leverage in the United States …. Consistent with this explanation, euro-area bond ratings became more relevant for investment after the banking crisis of 2008 …

I review recent takeover research which advances our understanding of "who buys who" in the drive for productive … targets, the role of the supply chain and industrial networks in driving takeovers, target plant efficiency, and pre- and post-takeover … investment in product innovation. Moreover, recent evidence adds to our understanding of "how firms are sold" (transaction …