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We explore the relation between government integrity and firms' investment efficiency in the context of China … with the investment efficiency of listed companies in China. Government integrity is negatively related to corporate …. This study enriches research on corporate investment by adopting the perspective of government integrity, and supplements …
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with restricted access to credit (small, private, non-investment grade, and unprofitable) draw more funds from their credit … lines during the crisis than their large, public, investment-grade, profitable counterparts. Interest spreads increased …
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Hinter der Finanzindustrie liegen turbulente, aufreibende Jahre. Der dramatische Vertrauensverlust in Banken, die juristische Aufarbeitung von Skandalen und die damit zusammenhängenden Strafzahlungen in Milliardenhöhe, die Flut an neuen Regulierungsvorschriften, das grundsätzliche...
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This paper investigates the link between corporate debt and investment for a group of five peripheral euro area … countries. Using firm-level data from 2005-2014, we postulate a non-linear corporate leverage-investment relationship and derive … thresholds beyond which leverage has a negative and significant impact on investment. The investment sensitivity of debt …
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