-post auditing. Our results do not show significant effects of variations in random audit rates and switching to a conditional audit …

when liquidation would be value-increasing. To curb fraud, shareholders optimally choose auditing quality and the … performance sensitivity of managerial pay, taking external corporate governance and auditing regulation into account. For given … managerial pay, it is optimal to rely on auditing when external governance is in an intermediate range. When both auditing and …

relative to the present is reduced. Hence, due to a rise in terror activity, investment goes down, and in the long run income …

and investment, so it may take some time before an unemployed worker finds a job. Wages are determined by bargaining. A … subsidize entrepreneurial investment (there is a wage bargaining distortion and a search externality), simulations show that the …

fertility, and lower investment in physical and human capital. Furthermore, the feedback effect from economic prosperity to …

and investment. When the share of output that accrues to the owners of natural resources rises, the demand for capital … allocation of capital may, however, enhance the quantity as well as the quality of new investment and sustain growth. Empirical … thereby inhibiting economic growth. The results also suggest that abundant natural resources may hurt saving and investment …

Using firm-level data, we provide evidence that, although monetary policy affects real investment, the effect operates …

-industrial sector. The interaction of investment with unemployment creates a channel for potentially divergent long-run outcomes. If the …