According to the analysis conducted in this article, based on individual firms' balance sheet information, Spanish corporate investment tended to pick up from 2014 and to do so with greater intensity at SMEs than at large corporations, after having contracted more forcefully during the early...

This paper investigates the impact of working capital management on corporate investment and corporate performance of the manufacturing firms that are listed in Borsa Istanbul for the period 2005-2014. Firms that have positive excess net working capital and negative excess net working capital...

In the leveraged loan sector, firms borrowing from non-banks have worse profitability and lower investment following loan origination, than observably similar firms borrowing from banks. Further, we find that non-banks are more likely to impose Capex restrictions. The effects are absent in the...

This study investigates the association between media sentiment and a comprehensive set of corporate decision making measures that capture firm, corporate investment, and financial policy risk. This study predicts that CEOs who achieve greater media coverage are more risk-seeking. We find a...

The advantages and disadvantages of universal banking have long been debated. Using the successive granting of lead underwriter qualifications to commercial banks in China as a quasi-natural experiment, we study the impact of universal banking on non-financial firms’ investment decisions. We...