Democracy and corporate R&D investment
Sign Up to like & getrecommendations! Published in 2021 at "Borsa Istanbul Review"
DOI: 10.1016/j.bir.2021.06.013
Abstract: Abstract This paper investigates how a democratic environment affects corporate R&D investment around the world. Using a sample of 114,318 observations from 34 countries over the period 2002–2016, we find that democracy is negatively related… read more here.
Keywords: corporate investment; investment; democracy corporate;
Monetary policy, cash holding and corporate investment: Evidence from China
Sign Up to like & getrecommendations! Published in 2017 at "China Economic Review"
DOI: 10.1016/j.chieco.2017.09.001
Abstract: This paper uses 13,766 firm-year observations between 2003 and 2013 from China to investigate the effects of monetary policy on corporate investment and the mitigating effects of cash holding. We find that tightening monetary policy… read more here.
Keywords: corporate investment; cash; monetary policy; cash holding ... See more keywords
How does corporate investment react to oil prices changes? Evidence from China
Sign Up to like & getrecommendations! Published in 2021 at "Energy Economics"
DOI: 10.1016/j.eneco.2021.105215
Abstract: Abstract We examine the relationship between oil prices and corporate investment, conditional on market conditions. Using 27,981 firm-year observations covering 2814 listed firms from 2000 to 2018, we find that, on the whole, oil prices… read more here.
Keywords: corporate investment; market conditions; oil; oil prices ... See more keywords
Does Confucian culture influence corporate R&D investment? Evidence from Chinese private firms
Sign Up to like & getrecommendations! Published in 2020 at "Finance Research Letters"
DOI: 10.1016/j.frl.2020.101719
Abstract: Abstract In this study, we examine how informal institution, namely Confucian culture, affects corporate R&D investment. Using a nationwide survey of Chinese private firms, we find that Confucian culture is significantly positively associated with corporate… read more here.
Keywords: confucian culture; corporate investment; chinese private; private firms ... See more keywords
Dividend policy and corporate investment under information shocks
Sign Up to like & getrecommendations! Published in 2020 at "Journal of International Financial Markets, Institutions and Money"
DOI: 10.1016/j.intfin.2020.101184
Abstract: Abstract This study exploits the mandatory adoption of International Financial Reporting Standards (IFRS) as an exogenous shock to the corporate information environment to examine how the constraining effect of dividend policy on corporate investment changes… read more here.
Keywords: dividend policy; policy corporate; corporate investment; information ... See more keywords
Bank systemic risk and corporate investment: evidence from the US
Sign Up to like & getrecommendations! Published in 2017 at "International Review of Financial Analysis"
DOI: 10.1016/j.irfa.2017.02.008
Abstract: In this paper, we develop a simple two-period model in which a bank’s investment (e.g., loans) is influenced by short-term financing and a probability of a financial crisis. When banks ex ante expect to be… read more here.
Keywords: corporate investment; systemic risk; bank; bank systemic ... See more keywords
Derivative cash flows and corporate investment
Sign Up to like & getrecommendations! Published in 2020 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2020.105916
Abstract: Abstract According to an influential argument, corporate hedging supports corporate investment when internal cash flows are volatile and external financing is costly (Froot, Scharfstein and Stein, 1993). Despite its vast influence, the predictions of this… read more here.
Keywords: corporate investment; derivative cash; cash flows; cash ... See more keywords
Management connectedness and corporate investment
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Banking and Finance"
DOI: 10.1016/j.jbankfin.2020.106042
Abstract: Abstract In response to the mixed views about the appointment-based connectedness between CEO and subordinate C-level executives, we systematically analyze the net effect of top management team (TMT) connectedness in the context of real corporate… read more here.
Keywords: tmt connectedness; connectedness; corporate investment; connectedness corporate ... See more keywords
Managerial optimism and corporate investment behavior
Sign Up to like & getrecommendations! Published in 2021 at "Journal of Behavioral and Experimental Finance"
DOI: 10.1016/j.jbef.2021.100492
Abstract: Abstract This study aims to analyze if managerial optimism affects corporate investment behavior. We measure managerial optimism by directly surveying CFOs and executives responsible for corporate investments of listed companies in Japan. We show that… read more here.
Keywords: corporate investment; optimism; investment behavior; managerial optimism ... See more keywords
Islamic banking and corporate investment efficiency: empirical evidence from Malaysia
Sign Up to like & getrecommendations! Published in 2021 at "International Journal of Productivity and Performance Management"
DOI: 10.1108/ijppm-06-2020-0331
Abstract: PurposeThe purpose of this paper is to examine whether and how Islamic banks' financing affects corporate investment efficiency.Design/methodology/approachTo achieve the research purpose, an empirical model was constructed to describe the relationship between Islamic banks' financing… read more here.
Keywords: banks financing; corporate investment; investment efficiency; islamic banks ... See more keywords
An Empirical Analysis of Analysts' Capital Expenditure Forecasts: Evidence from Corporate Investment Efficiency*
Sign Up to like & getrecommendations! Published in 2020 at "Contemporary Accounting Research"
DOI: 10.1111/1911-3846.12597
Abstract: We examine whether the information conveyed in a relatively new analyst research output — capital expenditure (capex) forecasts — affects corporate investment efficiency. We find that firms with analyst capex forecasts exhibit higher investment efficiency.… read more here.
Keywords: corporate investment; investment; capital expenditure; capex forecasts ... See more keywords