We examine how local political corruption affects corporate investment. We find firms in corrupted states produce … significantly less investment. The effect of political corruption on investment is more pronounced in firms with higher investment … corruption on investment lessens after the Dodd-Frank Whistleblower Provision. These findings indicate corruption impedes …

of stock market liberalization on corporate investment and address some of the data and methodological concerns raised in … previous studies. Our difference-in-differences analysis shows that the reform boosts the investment of investable firms … relative to non-investable firms. It also makes the investable firms' investment more responsive to growth opportunities …

This paper examines whether the investment of Korean business group ("chaebol") affiliated firms behaved differently … from that of non-chaebol firms in response to the COVID-19 outbreak. I show that chaebol firms cut back investment to a … investment and values …

We document that climate uncertainty negatively affects corporate investment. The effect is more pronounced for firms … adaptation plans mitigate the negative effects of climate uncertainty on corporate investment. We establish this result using the … corporate investment, but climate adaptation plans shield firms from climate uncertainty contributing to investment resilience …

We study the relationship between corporate debt, corporate risk and firm-level investment, using a sample of 25 …,000 listed companies across 47 countries over the last two decades. We find higher leverage reduces investment but show the … leverage observed during the last decade and as a result of the Covid-19 pandemic, physical investment is expected to remain at …

Using listed firms of Japan, this paper examines the changes of R&D investment decisions during high economic policy … uncertainty. Following the methodology of Bloom (2007), we find that firms are more responsive to their previous R&D investment …&D investment during high uncertainty. Finally, firms which use nomination committees, which allows more outside directors to join …

between routine and "investment spike" financing. This study documents significant heterogeneity in investment spike financing …, particularly by firm size. Further, when spike size or pre-investment leverage is larger, unlike large firms, small firms issue … less equity. These results suggest that small firms' financing patterns around investment spikes are consistent with the …

find that during periods of import tariff cuts and the global financial crisis, investment and firm value are higher for …

examines the impact of utilizing financial derivative instruments on corporate investment. We document that engaging in … borrowing. Although financial hedging serves as a vehicle for firms to bring their inorganic investment plans to fruition by … facilitating their financing, it also leads to inferior investment choices when conflicts of interest among managers and …