We examine the association between customer concentration and capital structure adjustment speed using a sample of listed firms in the U.S from 1977 to 2020. We find that the customer-concentrated firms have a lower speed of leverage adjustment. The decomposition of customer types identifies...

The study aims to explain the economic impact of Internet implication in tourism sector by taking sample of mega project listed countries (which provide big pitch to boost tourism business). Our work find the volatility cause of tourism revenue at country i, by examining the inbound tourist...

“How does a firm’s bankruptcy affect its regional environment?” is an open empirical question that has received little attention in the literature. We hypothesize that because enterprises provide funds to protect their regional environment, their default risk negatively impacts that...

This study examines firm-level political risk and its role in influencing corporate innovation. We analyze four dimensions of innovation: patent output, quality, radicalness, and efficiency, based on a sample of US-listed firms from 2001 to 2020. We find a negative effect on patent output and...