This paper provides new evidence on the relationship between internal capital markets and corporate investment by … exploiting an exogenous event and an unique empirical setting. We do so by comparing the investment behavior of Korean business … than non-chaebol firms in the control group in the aftermath of the crisis. This difference in investment behavior does not …

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 …

We investigate whether short-termism distorts the investment decisions of stock market listed firms. To do so, we … compare the investment behavior of observably similar public and private firms using a new data source on private U.S. firms … compared to private firms, public firms invest substantially less and are less responsive to changes in investment …

Does corporate governance affect the timing of large investment projects? Hazard model estimates suggest strong … shareholder governance may deter managers from pursuing large investments. Controlling for investment opportunities, firms with … strong CEO incentives (high delta (δ)) we find no such timing differences. Finally, these higher investment hazard firms …

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 …