than the equilibrium interest rate. Most importantly, this paper analyses the efficiency and distributional consequences of … of banking on carbon emissions, technological progress, and optimal investment decisions is quantified and the incentives …

equilibrium interest rate. Most importantly, this paper analyses the efficiency and distributional consequences of allowing … banking on carbon emissions, technological progress, and optimal investment decisions is quantified and the incentives that …

This study investigates whether board reforms affect firms’ capital and labor investment efficiency. Based on … difference-in-differences analyses, we show that board reforms improve capital investment efficiency. Importantly, after … controlling for capital investment inefficiency, board reforms also facilitate more efficient investments in labor. Further, our …