This study examines the impact of promotion-based tournament incentives on corporate labor investment efficiency. We … fundamentals. The positive relationship between tournament incentives and labor investment inefficiency is weakened when senior …

We argue that corporate investment decisions depend not only on project characteristics such as expected NPV, but also …, we show that external hires experience a dip in investment activity when they join a new VC firm. Over time, the gap … significant impact on investment policy …

and boards may impact investment efficiency, information quality, project profits, and management rents in a non …-related information. This exacerbates pre-existing agency frictions and may lead to investment inefficiencies. To counteract this … expense of residual inefficiency. Our findings thus highlight that shareholders' tolerance for investment inefficiencies may …

We examine the impact of CEO tenure on corporate labor investment efficiency. While some studies show that CEO … of CEO tenure on labor investment efficiency is stronger in human capital-intensive industries and firms with greater … are associated with more efficient labor investment. This finding is robust to alternative measures of labor investment …

We examine whether the variation in the individualism-collectivism dimension within the U.S. affects labor investment … efficiency. Using the collectivism index developed by existing literature, we find that firms headquartered in collectivist … tightness are associated with more labor investment inefficiency. Overall, we find convincing evidence that cultural differences …

settlements, proximity to a mission with a health investment is associated with lower HIV prevalence nowadays. Safer sexual …