gap is reliably and positively associated with firm performance and risk and with the riskiness of investment and …

and payroll expenses in 761 European technology companies from the year of initial venture capital investment up to seven …

We find that corporate giving represents a private benefit of control that distorts corporate investment and financing …, corporate charitable contributions fall, while investment rises, suggesting suboptimal investment caused by managerial private …

firms' investment opportunities by reducing the cost of capital and improving access to financing. Using the exogenous … financing and reduces the likelihood of investment delays. The investments are value-increasing, as we find favorable market …

, we propose that investment analysts, as legitimate third party evaluators of the firm and its leadership, provide … the CEO's efficacy. In addition, the board tends to respond to investment analysts because their stock recommendations … the 2002 litigation against investment analysts led to a reduction in their credibility; consequently negative analyst …

a data set of Indonesian listed firms for the period from 1995 to 2014, we find that excessive cash holding (over-investment …

type and firm-level capital allocations as captured by the sensitivity of investment expenditure to investment … weakens (strengthens) investment-Q sensitivity, thereby increasing investment inefficiency (efficiency). Moreover, we find … that the relation between foreign ownership and investment efficiency is stronger when governments relinquish control and …

aversion, resulting in lower return investment choices. Therefore, we assess whether incentives associated with stock option … compensation (“vega”), presumed to increase managers' appetite for risk, uniformly yield higher returns on R&D investment. Our …