capital, financing, and investment plans. We study whether firms faced with MCs use both non-cash (NEM) and cash generating … external funding and investment. Our findings suggest that MC firms use CEM because it directly generates cash to fund MCs …

This study examines the impact of non-financial disclosure (NFD) on firms' labor investment efficiency. We analyze a … evidence reveals that this association is, in general, negative, with NFD exerting a positive influence on labor investment …

investment using firm-level data from around the world to see whether the legal environment, including corporate governance and … monitoring mechanisms, and financial development are important in the profitability of capital investment.Research Findings …/Insights: Using firms in 40 countries over the period 1988–2004, we find that the causality from earnings to capital investment is …

In 2005, China took an important step in its privatisation process by initiating the Split Share Reform, whereby state … on firms' capital investment. Using a value-maximising approach, we empirically model Chinese firms' fixed capital … investment recognising that this was a period of global instability caused by the Global Financial Crisis. Controlling for its …

show that export firms with more concentrated destinations are less responsive to investment opportunities and behave more … of understanding the global supply chain when studying investment decisions …

The study investigates the role of financial development in boosting the investment efficiency of firms' investments in … China. Using a large sample of firm-level financial data and country level economic data over the period 2004-2015, present … concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more …

We assess the impact of credit constraints on investment, inventories and other working capital and firm growth with a …, as firms with poor investment and growth opportunities may have a higher probability of being credit constrained. We … implement several strategies to overcome this obstacle: proxies for investment opportunities, lagged regressors, random effects …

data and triple-difference estimators, we find that this dividend tax cut affects allocation of corporate investment …. Cashconstrained firms increase investment after the dividend tax cut relative to cash-rich firms. Reallocation is stronger among …-constrained firms and by higher dividends in cash-rich firms after the tax cut. The heterogeneous investment responses imply that the …

We employ a Bayesian estimation technique to construct firm-varying investment-cash flow sensitivities (ICFS) for a …