This paper investigates the relation between the riskiness of a firm’s investment policies and the firm’s selection of an external auditor. Using a sample of U.S. publicly listed companies from 2004-2018, we hypothesize that firms with riskier investment policies are more likely to choose a...

Purpose: This paper investigates the relation between the riskiness of a firm's investmentpolicies and the firm's appointment of an external auditor.Design/Methodology/Approach: Using a sample of U.S. publicly listed companies from 2004-2014, we hypothesize that firms with riskier investment...

Using cross-country national accounts and firm-level data, we document a broad-based trend in rising gross saving and net lending of non-financial corporates across major industrialized countries over the last two decades, though most pronounced in countries with persistent current account...

We examine the relationship between real exchange rate depreciations and indicators of firm performance using data for a sample of more than 30,000 firms from 66 (advanced and emerging market) countries over the 2000-2011 period. We show that depreciations boost profits, investment, and sales of...

We examine the relationship between real exchange rate depreciations and indicators of firm performance using data for a sample of more than 30,000 firms from 66 (advanced and emerging market) countries over the 2000-2011 period. We show that depreciations boost profits, investment, and sales of...

We examine the relationship between real exchange rate fluctuations and firm-level investment and growth using data for a sample of close to 33,000 firms from 68 advanced and emerging market countries over the 2000-2014 period. We show that real depreciations boost profits, investment, and asset...

Using cross-country national accounts and firm-level data, we document a broad-based trend in rising gross saving and net lending of non-financial corporates across major industrialized countries over the last two decades, though most pronounced in countries with persistent current account...