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Persistent link: https://www.econbiz.de/10012991842
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 …
Persistent link: https://www.econbiz.de/10013219382
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 …
Persistent link: https://www.econbiz.de/10013232865
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 …
Persistent link: https://www.econbiz.de/10012845804
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 …
Persistent link: https://www.econbiz.de/10014495148
This paper documents the existence of a CEO Investment Cycle, in which disinvestment decreases over CEO tenure while … investment increases, leading to “cyclical” firm growth in assets as well as in employment. The estimated variation in investment … constraints. This investment cycle appears to reflect CEOs' preference for investment growth, which leads to increasing investment …
Persistent link: https://www.econbiz.de/10009782415
This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global … experienced a sharper decline in investment activity following the onset of the crisis compared to firms with more conservative …
Persistent link: https://www.econbiz.de/10012987650
Persistent link: https://www.econbiz.de/10014546185
Persistent link: https://www.econbiz.de/10014547885
different types of international investment flows. A society's cultural orientation toward egalitarianism is manifested by … influence of egalitarianism distance on cross-national investment flows of bond and equity issuances, syndicated loans, and … its effect on international investment via an associated set of consistent contemporary policy choices. But even after …
Persistent link: https://www.econbiz.de/10013131551