Using a news-based index of geopolitical risk (GPR), we document a strong negative relationship between firm …-level corporate investment and GPR. When the GPR index doubles, investment rate in the next quarter declines by 14% of its sample mean …. The effect is more pronounced for firms with more irreversible investment or higher market power, confirming the real …

Corporate bond returns in the major developed economies increase with risk, as measured by maturity and ratings. From a …

This paper examines how offering sustainable investment options influences sustainable consumption behavior. We combine … sustainable plan. We show that making sustainable investment available can create positive spillover effects on other sustainable …

Coval and Moskowitz (1999) report that proximity influences investment. We extend the measurement of proximity beyond … distance and report that air travel reduces local investment bias. This result is confi rmed using the initiation of connecting … flights through recently opened air hubs since investment at destinations served by these connecting flights increases after …