This paper investigates empirically the linkages between corporate debt overhang and investment activity at the firm … investment may be discouraged by high levels of debt that put at risk future profits, as well as firm dimensions that may sharpen … the debt-investment link. Using balance sheet data from a broad set of emerging market and developing economy firms, the …

This paper investigates the state of low investment in Afghanistan by studying how investment decisions interact with … experience a higher probability of being affected by events related to crime and corruption and spend more on security … quantify the economic loss from crime and corruption. The estimated aggregate output loss of 12 percent is significantly higher …

While agreeing on the choice of an optimal investment decision is already difficult for any diverse group of actors …, priorities, and world views, the presence of deep uncertainties further challenges the decision-making framework by questioning … is based on a set of interviews with decision-makers, in particular World Bank project leaders, and on a literature …

dynamically enhance productivity in agriculture. It also finds that the impact of the price shock on investment behavior differs …

by Chinese firms. In line with the previous literature, the paper demonstrates that investment by non-state firms is … reliance on internal cash flows to fund investment). The paper also finds that large non-state firms with weak government …-appointed Chief Executive Officers also have significantly lower investment intensities, due perhaps to their lower-powered incentives …

, improvement of public procurement competitiveness, and reduction of corruption. The paper finds that information and … relationship between e-procurement and bureaucratic corruption …

A new measure of cross-national corruption is constructed based on the geographic distribution of public officials … involved in cross-border corruption cases. A comparison is made between the Public Administration Corruption Index (PACI) and … increasingly valid cross-national measure of corruption …

finance, exposure to corruption, and sales growth. Relying on a data set of more than 70,000 firms in 121 countries, the … financial constraints than unaudited firms. On the other hand, audited firms face a significantly higher level of corruption … considerations of the endogeneity of auditing and to alternative measures of corruption and financial constraints. The findings …