Japanese data. We find that the higher the personal risk aversion of CFOs, the lower the level of high-risk investment. We also … find that this effect of the risk aversion on investment is strengthened when the portfolio of CFOs is less diversified and …

corporate investment levels. We find a negative relation between inside debt and both R&D and capital expenditures for firms … their ability to issue equity. Our findings contribute to the literature on CEO incentives and corporate investment policy …

directors with diverse industry expertise as well as the impacts of director diversity on investment and firm performance …

' investment, growth and financial constraints. Combining propensity score matching with a difference-in-differences estimator, our …

uncertainty alters investment decisions by affecting firms or projects. We find approximately 4% fewer acquirer announcements in … affects investment through both fi rm and project channels. Smaller deals and deals by fi nancially constrained firms are most …

attention. This paper fills that gap by asking how patent acquisitions interact with firm investment policy. I find that patent … more technological expertise and investment opportunities acquire more patents. Patent sales are the dominant type of … contract and maximize investment incentives; patent licenses frequently contain royalties, which induce under-investment …

This paper examines whether the effect of overvaluation on accrual and investment is weak in a good information … investment, and more institutional investors help to reduce overvaluation-driven behaviors. Thus, the monitoring hypothesis is …

&D investment decisions. Furthermore, a supplementary test confirms that government ownership has also a positive impact on board … the role of state ownership in R&D investment in China, especially after the most recent wave of privatization, namely …

This paper analyzes the relation between institutional investment duration and corporate governance using a new metric … of investment duration that accounts for firm-specific investment durations of each institution. We conjecture that … duration of institutional ownership. We also show that the relation between investment duration and corporate governance varies …

This paper examines the effects of environmental, social and governance (ESG) disclosure on investment efficiency …, although there is no evidence of any impact on new capital raised in equity markets. In addition, investment efficiency gains …