This paper studies how labor flexibility and mobility induced by the gig economy, affects corporate investment, by exploiting the staggered entry of the leading online delivery platforms into different cities in China and across the globe. The results show that, following the entry of delivery...

Whether and how firm financialization could crowd out real investment and the resulting “from real to virtual” phenomenon has great economic and policy implications, especially in emerging economies. This study examines the influence of firm-level financialization on corporate investment...