decision to invest in research and development towards greener technologies is influenced by environmental policies in a world …

Existing research suggests that market misvaluations affect corporate investment, often leading to suboptimal … investment. I examine whether earnings smoothness reduces the impact of market valuations on corporate investment and in turn … enhances investment efficiency. I find that earnings smoothness has a strong negative effect on the sensitivity of corporate …

operation and investment. Some allowances are also reserved for new entrants further distorting the scheme. We use analytic … inflation of the allowance price while reducing utilisation and investment in efficient technologies. The inflated allowance …

There is growing consensus on the view that corruption hurts economic performance by reducing private investment, by … –, corruption also has adverse distributional effects as it hurts the poor disproportionately. For a given level of government … budget and national income, high corruption countries achieve lower literacy rates, have higher mortality rates, and overall …

feature of corruption. We also investigate implications of the stability of the corrupt regime for the dynamic extortion and … discuss how our framework can be applied to other investment contexts involving the risk of expropriation. …

-authors on corruption, ethical leadership, and social contracts theory, and relates that literature to corrupt activities by … corporate executives. Corruption is defined broadly to encompass executive self-dealing, which harms their firms. The specific … example, to propose a framework aimed at improving corporate governance and preventing future executive corruption. The …