experience a succession. -- Succession ; Family Firms ; Inheritance Law ; Growth ; Investment … stake can reduce investment in family firms, by reducing the future income they can pledge to external financiers. Using a …-2006 interval, we find that stricter inheritance law is associated with lower investment in family firms, while it leaves investment …

highlights future investment and financing challenges, especially for road transport. The methodology piloted in this study can …

growth opportunities. Also,higher accountability and lower income inequality are associated with more ef-fective legal …

flows and debt as well as the negative effect of growth opportunities on investment in both smaller and larger VC … analyze the relationship between investment and internal cash flows. The results indicate that the investment sensitivity to … VC-backed SME investment. The moderation effect of VC ownership reduces the magnitudes of the positive impact of cash …

, social, and governance (ESG) investment plans. However, dichotomy is found in the literature about how rising ESG practices … affect firm value (FV). This study examines the linear and nonlinear effect of ESG practices on FV and how growth …

Motivated by ongoing debates on investment-cash flow sensitivity (ICFS) and its documented decline and disappearance in … channels: investment intensity and cash flow persistence. As the share of tangible capital, investment and cash flow … capital, have higher investment rates and more persistent cash flows, their ICFS is more stable. The results support our …

relative to non-investable firms. It also makes the investable firms' investment more responsive to growth opportunities … of stock market liberalization on corporate investment and address some of the data and methodological concerns raised in … previous studies. Our difference-in-differences analysis shows that the reform boosts the investment of investable firms …

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 …