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This paper examines whether the investment of Korean business group ("chaebol") affiliated firms behaved differently … from that of non-chaebol firms in response to the COVID-19 outbreak. I show that chaebol firms cut back investment to a … investment and values …
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This paper examines the relationship between foreign and domestic investment activity of multinational enterprises. The … investment in fixed assets. The empirical approach, which rests upon extensive and intensive margin variation, is shown to … produce very robust results. These suggest a positive relationship between foreign and home investment in real capital. This …
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The authors show that there is a negative relationship between economic policy uncertainty (EPU) and firm overinvestment using Korean data from 2007 to 2016. Since Jensen (1986) shows that a firm's free cash flow is an important factor of overinvestment, the authors examine how free cash flow...
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