This paper documents the existence of a CEO Investment Cycle, in which disinvestment decreases over CEO tenure while … investment increases, leading to “cyclical” firm growth in assets as well as in employment. The estimated variation in investment … constraints. This investment cycle appears to reflect CEOs' preference for investment growth, which leads to increasing investment …

This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global … experienced a sharper decline in investment activity following the onset of the crisis compared to firms with more conservative …

Our research tests the difference in investment efficiency between state-owned enterprises (SOEs) and private firms and … then evaluates the effect of privatisation and equitisation policies on the investment efficiency of former state owned … spending. We find no evidence of investment spending being linked to marginal returns by SOEs across all sectors and size …

2395 listed companies in China from 2007 to 2020, we examine the investment efficiency of this ownership practice on … microcorporate investment behavior. The estimates indicate that common institutional ownership has a significant positive … relationship with corporate investment efficiency by reducing overinvestment. Further institutional heterogeneity analysis reveals …

different types of international investment flows. A society's cultural orientation toward egalitarianism is manifested by … influence of egalitarianism distance on cross-national investment flows of bond and equity issuances, syndicated loans, and … its effect on international investment via an associated set of consistent contemporary policy choices. But even after …

setting using investment level data. We find allocative inefficiency across ownership to be exacerbated under policy … more capital in certain markets even after returns on investment are dampened by negative policy shocks, suggesting that …