subsequent decrease in real investment precisely in firms that invest too much. In support of the monitoring hypothesis, we show … influence on investment. We address the potential problem of endogeneity using the inclusion of a firm to the S&P 500 Index as …

Using listed firms of Japan, this paper examines the changes of R&D investment decisions during high economic policy … uncertainty. Following the methodology of Bloom (2007), we find that firms are more responsive to their previous R&D investment …&D investment during high uncertainty. Finally, firms which use nomination committees, which allows more outside directors to join …

This paper delves further into the link between residual government ownership and corporate investment efficiency in … lower level of investment efficiency. The finding suggests that government ownership is less beneficial in privatized firms …

We examine how firms with foreign controlling shareholders (promoters) affect corporate investment in India. Using a … on corporate investment is stronger among firms with a high-quality information environment and firms prone to agency …

This paper investigates whether investment spending of firms is sensitive to the availability of internal funds …. Imperfect capital markets create a hierarchy for the different sources of funds such that investment and financial decisions are … not independent. The relation between corporate investment and free cash flow is investigated using the Bond and Meghir …

This study investigates the effects of board characteristics on R&D investment by utilizing a data set of electronics … firms listed on the Taiwan Stock Exchange Corporations. The empirical results indicate that R&D investment is negatively …&D investment is positive, but not significant. The findings provide one important managerial implication that firms competing on …

directors with diverse industry expertise as well as the impacts of director diversity on investment and firm performance …

We study how interest alignment between CEOs and corporate boards influences investment efficiency and identify a novel … force behind the benefit of misaligned preferences. Our model entails a CEO who encounters a project, gathers investment …