In this paper we present and test a theory of how political corruption, found in many transition and emerging market … institutions that do not punish political corruption result in political connectedness of firms that in turn has a negative effect …

returns to foreign investment at very high level of corruption, giving rise to negative or even an insignificant relationship …The present paper argues that the effect of corruption on foreign ownership is not necessarily linear and depends on … the level of host corruption. So long as the expected returns from foreign investments exceed its expected costs, higher …

influence the investment decisions of entrepreneurs and the performance of their firms. In general, a hybrid political order … family-owned dominance in business; and by skewing investment decisions. Specifically, we find that family firms whose …

remain - and the Covid-19 shock may have exacerbated them. This report analyses European firms' investment in training over … the last six years examining trends, factors supporting training investment as well as the impact of the Covid-19 shock …. We base the empirical analysis on a unique dataset, the European Investment Bank's Investment Survey (EIBIS), which …

This paper estimates the causal effect of corporate tax hikes on firm investment based on more than 1,400 local tax … changes. By observing planned and realized investment volumes in a representative sample of German manufacturing firms, we can … study how tax hikes induce firms to revise their investment decisions. On average, the share of firms that invest less than …

of the minimum wage on human capital investment rates and no overall effects on fixed capital investment rates. When …

In this paper, we investigate the effect of real estate prices on productive investment. We build a simple theoretical … framework of firms' investment with credit rationing and real estate collateral. We show that real estate prices affect firms … identification of the second channel allows for heterogeneous effects of real estate prices on investment across firms. We test our …

This paper analyzes the relationship between gender and corruption, controlling for country-specific heterogeneity in a … the involvement of women in society and the absence of corruption. However, once country-fixed effects are acknowledged … corruption by 2.5 index points (scale from zero to ten). Surprisingly, the link between the share of women in the labor force and …