We study corporate investments around national elections in India. Investment rates drop by a nonsignificant 2.2% for state-owned enterprises (SOEs) in election years. The decrease is significantly larger for private firms, which record an investment drop of 7.4%. The decrease in investment for...

This study examines innovation activities of state-owned enterprises (SOEs) and reveals that emerging market (EM) SOEs invest in innovative development by means of enhancing the AC of target companies after the deal, which in turn contributes to the capability upgrade of SOE. We get the evidence...

At present, academic circles pay more attention to the influence of formal institutions, such as policies and regulations, on the rent-seeking behavior of enterprises, and there is little discussion of the relationship between informal institutions and rent-seeking. This study uses the...