incentives, risk aversion and extended investment horizons, which potentially influence the level and type of investments that …We explore the relation between family ownership and corporate investment policy. Our analysis centers on two … ownership structures. When dividing long-term investment into its two components of R&D and capital expenditures, we note that …

regulations on risk taking and the need for a consideration of ownership structures are amongst other issues which are considered … corporate governance theory. It also considers other alternatives whereby risk taking could be controlled. In recommending the …

regulations on risk taking and the need for a consideration of ownership structures are amongst other issues which are considered … corporate governance theory. It also considers other alternatives whereby risk taking could be controlled. In recommending the …

A large discrepancy exists on the use of the investment–cash flow sensitivity as a measure of financing constraints of … shows a positive investment-cash flow sensitivity for business group affiliated firms and negative investment cash flow … sensitivity for non-group affiliated firms. Additional tests accordingly express that investment-cash flow sensitivity of …

firms hold cash. We examine the impact of cash holdings on corporate investment during the COVID-19 pandemic. We find that … COVID-19 on investment is less for firms with accumulated cash. Firms at the 81st percentile of cash holdings maintain … adverse effect on corporate investment activities, but accumulated cash holdings reduces the impact …

The aim of this paper is to ascertain corporate investment reaction in bank-dependent companies in times of crisis. Our … investigation covers the differences in corporate investment reaction due to the global financial crisis (GFC) of 2007-2009 and the … corporate investment, but a statistical significance was found only for the GFC period. We also found a positive relationship …

We study how macroeconomic, firm-level and higher-order uncertainty affects real corporate investment in firms with …-holders are required to file indicating their active or passive status. Our main results are as follows. First, investment is more … all types of uncertainty shocks has a higher negative effect on investment rate for firms held by active block …