examines the impact of utilizing financial derivative instruments on corporate investment. We document that engaging in … borrowing. Although financial hedging serves as a vehicle for firms to bring their inorganic investment plans to fruition by … facilitating their financing, it also leads to inferior investment choices when conflicts of interest among managers and …

In this paper we examine the effect of financial analysts on the quality of corporate investment decisions. We show …

We examine the relation between institutions' investment horizons on firms' financing and investment decisions. Firms …

between routine and "investment spike" financing. This study documents significant heterogeneity in investment spike financing …, particularly by firm size. Further, when spike size or pre-investment leverage is larger, unlike large firms, small firms issue … less equity. These results suggest that small firms' financing patterns around investment spikes are consistent with the …

find that during periods of import tariff cuts and the global financial crisis, investment and firm value are higher for …

Capital expenditures by the top 100 firms make up more than 60% of aggregate investment by publicly traded firms, and … explain most of the variation in aggregate net fixed private non-residential investment. Surprisingly, these firms have the … highest investment-cash flow sensitivity in the economy, despite being the least financially constrained. Further, contrary to …

This paper investigates how a democratic environment affects corporate R&D investment around the world. Using a sample …&D expenditure and positively associated with R&D investment efficiency. These findings imply that a democratic environment helps … democracy on both corporate investment in R&D and investment efficiency are stronger when shareholders have strong legal …

This study investigates the relationship between corporate social performance (CSP) and investment inefficiency in the … responsible firms are more efficient in their investment. We further determine that the effect of CSP in reducing investment … improves investment efficiency in state-owned enterprises (SOEs). However, we do not find such evidence in non-SOEs. Our study …

This study aims to analyze how the company's internal funds and investment opportunities impact the company …’s investment decisions conditional to the financing constraints experienced. We classify companies into three categories based on … financing constraint have a higher investment-cash flow sensitivity than companies with a low financing constraint. We found …

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 …