English Abstract: In this paper, we examine how CEO overconfidence affects R&D investment in Korea. Using a sample of …&D investment for total firms. However, an interesting picture emerges when we limit our attention to Chaebol firms. In contrast to … the finding shown in total sample, overconfident CEOs significantly increase R&D investment among Chaebol firms. This …

whether investment-cash flow sensitivity reflects financial constraints. Recent US studies have raised questions on the … prediction that investment-cash flow sensitivity is a measure of financial constraints. Looking at thirty-five countries with … varying degrees of financial development, this study tests whether investment-cash flow sensitivity is in fact related to …

living wage is a special kind of income tax of which marginal tax rate is -1, one can apply a classical theory of tax evasion … to understand illegal or excessive receipt of living wage caused by income under reporting. Utilizing a classical theory …

interesting findings. That is, the responses of consumption and investment to monetary shocks are stronger in the state of high …