This paper investigates empirically the linkages between corporate debt overhang and investment activity at the firm … investment may be discouraged by high levels of debt that put at risk future profits, as well as firm dimensions that may sharpen … the debt-investment link. Using balance sheet data from a broad set of emerging market and developing economy firms, the …

What sorts of conditions make some countries more prone to corruption than the others? This is an important question … for understanding how corruption arises and how to combat it. The present paper attempts to answer this question by … exploring the link between the size of the country and corruption. Economic theory suggests advantages and disadvantages of …