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This paper examines how political corruption affects M&A activities. By exploiting the public enforcement of the anti-corruption … corruption increases cross-region takeover activities by 40% and deal volume more than doubles. Further analysis reveals that the … behind these real effects on corporate investments. Reduction in corruption also leads to higher bidder returns and improves …
Persistent link: https://www.econbiz.de/10013242403
decisions and reduces firm investment efficiency of SOEs, non-SOEs from favoured industries and regions, and non-SOEs with …, that is, the stimulus package stimulated investment by SOEs and crowded out investment by privately owned sectors …
Persistent link: https://www.econbiz.de/10013006043
We investigate the impact of workers' exposure to unemployment risk on CEO incentive compensation. Exploiting state-level changes in unemployment benefits as a source of variation in workers' unemployment costs, we find that after unemployment insurance benefits become more generous boards...
Persistent link: https://www.econbiz.de/10012971766
they acquire because of the subsequent investment in research and development, innovation, jobs and physical capital …, 2009 presented at the World Economic Forum introduces productivity to the analysis, Davis, Haltiwanger, Handley, Jarmin …
Persistent link: https://www.econbiz.de/10012860105
, and risk. Using newly available GRESB ESG performance data from 2019 to 2021 for global equity real estate investment …
Persistent link: https://www.econbiz.de/10013405232
Purpose This paper investigates the effect of economic policy uncertainty on value of cash before and after the global financial crisis. Design/methodology/approach We investigate the relationship between economic policy uncertainty and value of excess cash based on the valuation model of Fama...
Persistent link: https://www.econbiz.de/10014318752
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