We examine how firm and country heterogeneity shape the response of corporate investment in emerging markets to changes … the costs of external borrowing and (ii) a real options channel-reflecting firms' option values to delay investment. We … find evidence of the coexistence of both channels. Financially weaker firms reduce investment by more in response to higher …

This paper analyzes the dynamic relationship between FDI inflows and domestic investment for a panel of selected … regarding the existence of possible crowding in or crowding out effects between FDI inflows and domestic investment, accounting …

This paper investigates the relation between corporate political connections and government investment. We study … unconnected firms. Overall, we show that connections between firms and regulators are associated with distortions in investment …