This paper shows that political capital is an important determinant of corporate investment and innovation. Using … capital investment and R&D spending. Surprise losses of political capital result in negative announcement returns, reduced …

of environmental innovation on firm-level investment efficiency. Using fixed-effect regressions, our results indicate … that eco-innovation has a significant and positive impact on firm-level investment efficiency. We show that eco …-innovation raises investment efficiency and reducing information asymmetry enhances this effect. In addition, we show that the impact of …

We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth …