We examine how local political corruption affects corporate investment. We find firms in corrupted states produce … significantly less investment. The effect of political corruption on investment is more pronounced in firms with higher investment … corruption on investment lessens after the Dodd-Frank Whistleblower Provision. These findings indicate corruption impedes …

This paper examines the effect of accounting conservatism on firm-level investment during the 2007-2008 global … experienced a sharper decline in investment activity following the onset of the crisis compared to firms with more conservative …

This paper investigates how a democratic environment affects corporate R&D investment around the world. Using a sample …&D expenditure and positively associated with R&D investment efficiency. These findings imply that a democratic environment helps … democracy on both corporate investment in R&D and investment efficiency are stronger when shareholders have strong legal …

policy. In this paper, we examine the impact of this recently enacted anti-corruption policy on the investment efficiency of … effectively restrained the excessive investment behavior of government-subsidized enterprises. Further, we find that the anti-corruption …-state-owned enterprises. We examine the impact of the anti-corruption policy on excessive investment caused by government subsidies and enrich …

areas. A one standard deviation increase in corruption rate is associated with a 8.6% decline in a firm's investment from … insulate firms from the negative impact of corruption. The investment reduction effect is almost non-existent in firms well …I provide evidence that U.S. firms in more corrupt areas have lower investment expenditure than firms in less corrupt …

A simple contracting environment with a creditor who has wealth and a entrepreneur who has a two-period investment …

We examine the effect of credit default swap (CDS) trading on firm investment, finding a post-CDS introduction decrease … controlling for past investment and financing activities. Further analysis reveals a CDS introduction-year increase in debt … increase in bankruptcy risk and debt overhang likely plays a dominant role in the investment effect of CDS, while the expansion …

We show that executives cut investment when their incentives become more short-term. We examine a unique event in which … exploits that FAS 123-R's adoption was staggered almost randomly by firms' fiscal year-ends. CEOs cut investment and reported …