We examine how local political corruption affects corporate investment. We find firms in corrupted states produce … significantly less investment. The effect of political corruption on investment is more pronounced in firms with higher investment … corruption on investment lessens after the Dodd-Frank Whistleblower Provision. These findings indicate corruption impedes …

This paper examines whether the investment of Korean business group ("chaebol") affiliated firms behaved differently … from that of non-chaebol firms in response to the COVID-19 outbreak. I show that chaebol firms cut back investment to a … investment and values …

We document that climate uncertainty negatively affects corporate investment. The effect is more pronounced for firms … adaptation plans mitigate the negative effects of climate uncertainty on corporate investment. We establish this result using the … corporate investment, but climate adaptation plans shield firms from climate uncertainty contributing to investment resilience …

of stock market liberalization on corporate investment and address some of the data and methodological concerns raised in … previous studies. Our difference-in-differences analysis shows that the reform boosts the investment of investable firms … relative to non-investable firms. It also makes the investable firms' investment more responsive to growth opportunities …

We study the relationship between corporate debt, corporate risk and firm-level investment, using a sample of 25 …,000 listed companies across 47 countries over the last two decades. We find higher leverage reduces investment but show the … leverage observed during the last decade and as a result of the Covid-19 pandemic, physical investment is expected to remain at …

Does corporate governance affect the timing of large investment projects? Hazard model estimates suggest strong … shareholder governance may deter managers from pursuing large investments. Controlling for investment opportunities, firms with … strong CEO incentives (high delta (δ)) we find no such timing differences. Finally, these higher investment hazard firms …

A simple contracting environment with a creditor who has wealth and a entrepreneur who has a two-period investment …

constraints, measured by the sensitivity of investment to cash flow. We develop two original corporate governance indices based on … standard investment regressions where the cash flow variable is interacted with our corporate governance indices and variables … of investment, particularly in firms with an outside controlling owner and in firms with low managerial ownership. In …

We show that executives cut investment when their incentives become more short-term. We examine a unique event in which … exploits that FAS 123-R's adoption was staggered almost randomly by firms' fiscal year-ends. CEOs cut investment and reported …