efficiency, including overinvestment and underinvestment. By examining the interplay between these complex constructs, this … overinvestment. These findings imply that REM is a critical determinant of investment efficiency. Therefore, reducing REM can enable …The main objective of this study is to empirically examine the impact of REM on various aspects of investment …

This paper examines the effect of economic policy uncertainty (EPU) on firm-level investment and corporate financial … depresses firms' investment decisions and debt financing. Our results are robust when alternative measures of our main variables …

policy risk management. In this context, this study examines the dynamic association among economic policy uncertainty, green … portfolio diversification theory. These findings pave the way for not only US investors to hedge long-term economic policy risk … by investing in green bonds, but also for China and the UK, as these financial assets (green bonds, clean energy stocks …