distorting corporate investment and financing decisions, investor portfolio allocation decisions, fund manager skill assessments …

Foreign direct investment offers a rich laboratory in which to study the broader economic effects of securities market …

We use a simple model of corporate investment to determine when investment will be sensitive to non … the investment of firms that are 'equity dependent' - firms that need external equity to finance their marginal … prediction. In particular, firms that rank in the top quintile of the KZ index have investment that is almost three times as …

Government subsidies are often used to stimulate environment-friendly investment. We find that Chinese firms reduce … green investment as the uncertainty of subsidies rises. This effect is identified from weather-driven fluctuations in air … engage in less green R&D investment, patent applications, and research staff. Industries that are heavy emitters and those …