This study investigates the association between existence of a board investment committee and that committee's characteristics and corporate investment efficiency. Using a sample of industrial firms from six Gulf Cooperation Council (GCC) countries over the 2005–2013 period, we find that the...

We investigate the association between voluntary formation of a board investment committee (IC) and corporate cash holdings firms over the life cycle for a large sample of Gulf Cooperation Council (GCC) firms over the 2005–2013 period. We find that IC increases the corporate cash holdings in...

We examine the relation between corporate tax avoidance and labor investment efficiency. Using Jung et al. (2014) model for labor investment efficiency, we find that tax avoidance is negatively associated with more efficient investment in labor. Specifically, firms with more efficient...

We examine the impact of political connections of ruling (royal) family on investment efficiency in a unique setting. We hypothesize that political and economic ultimate power of ruler and their family influences the firm's investment efficiency. Their cultural and political capabilities and...