This study examines how the relationships between local governments and local enterprises moderate the effect of targeted monetary policies through different action-propagating mechanisms. First, we investigate the impact of monetary policies on enterprise investment in areas with different...

This study is an attempt to review relevant literature on the theme of corporate real investment decisions. We have conducted a comprehensive survey of literature on the studies published in well-reputed journals of finance, i.e., The Journal of Finance, The Review of Financial Studies, and The...

This paper studies the urban development impacts of the civil disturbances that took place in Washington, DC following the assassination of Martin Luther King Jr. in 1968.

Investing financial capital is almost always risky, there is no safe investment, and any unplanned situation in the future, uncertainty or sudden events can mean risk. To assess risk and protect themselves from it, investors resort to probability distribution. From the above, the subject of the...

The large regional variation in minimum wage levels in the period 2002-08 in China implies that Chinese manufacturing firms experienced competitive shocks as a function of firm location and their low-wage employment share. We find that minimum wage hikes accelerate the input substitution from...

This paper considers the effect of corruption on the effciency of capital investment. Using firm-level level data from the World Bank enterprise surveys, covering 90 developing and transition economies, we consider whether the cost of informal bribe payments distorts the efficient allocation of...

This dissertation studies strategies to mitigate the risks associated with operational and strategic decisions of a firm, particularly focusing on project management, product development and procurement decisions. In the first essay we develop two simulation-based methods to evaluate risky...

This dissertation consists of two essays on corporate finance. Essay one examines whether corporate governance affects firm performance after capital investments. I find that among firms with weak corporate governance, those with high abnormal capital investments have significantly lower stock...

Contemporaries and historians have highlighted London’s position asthe world’s leading financial centre, and its dominance of both tradefinancing and international capital investment at this time. The cur-rent historical literature focuses on the presence of the London StockExchange and...

Notwendige Investitionen zur Erhaltung und Wiederherstellung historischer Bausubstanz profitierennur in beschränkten Umfange von der direkten Bezuschussung aus öffentlichen Kassen. InNiedersachsen wurden bspw. in den Jahren 1992 bis 1998 durchschnittlich lediglich knapp11 Mio. DM p.a. für...