This is the second part of my dissertation. In this study, we examine whether and how incentives in bank lending, in emerging market like China, influence firms' investment behaviors, the key determinant of firms' productivity. First, being connected with bureaucrats provides firms with a...

Using an international sample covering 17 emerging countries over the period spanning from 1995 to 2014, we examine the instrumental role of firms' balance sheet strength in moderating the impact of geopolitical risk on corporate investment decisions. We find that geopolitical risk significantly...