We examine the impact of political influence and ownership on corporate investment by exploiting the unique way … influence over investment in the early years of their term. We find a divergence in investment rates between state owned … enterprises (SOEs) and private firms following political turnover. SOEs increase investment by 6.0% following the turnover while …

We examine the impact of political influence and ownership on corporate investment by exploiting the unique way … neighboring-province difference-in-differences estimation approach, we find that there is a divergence in investment rates between … abnormal increase in investment by 6.0% in the year following the turnover, consistent with the incentives of a new governor to …

We document a political cycle in the investment decisions of state-owned enterprises (SOEs) by using the …. Using a project-level investment database, we find that SOEs announce more capital expenditure projects in election years …

This paper delves further into the link between residual government ownership and corporate investment efficiency in … lower level of investment efficiency. The finding suggests that government ownership is less beneficial in privatized firms …

investment cash flow sensitivity and various CEO characteristics in either the existence or inexistence of managerial optimism …. Using a Q-investment model and departing from a sample of 475 annual observations, our results highlight that CEO …'s financial education, CEO's ownership and their optimism bias can explain distortions in corporate investment policy since they …

investment decisions made at the micro level of the firm. The study focuses on Asian emerging markets since they have widely …

of shareholder bargaining power on the investment effects of debt overhang. Our empirical tests utilize a new measure of … and dampens (increases) capital investment. We identify novel ownership structure related factors in firm-level capital … investment and document how post-default shareholder bargaining power alleviates the underinvestment problem caused by debt …

We study how macroeconomic, firm-level and higher-order uncertainty affects real corporate investment in firms with …-holders are required to file indicating their active or passive status. Our main results are as follows. First, investment is more … all types of uncertainty shocks has a higher negative effect on investment rate for firms held by active block …

subsequent decrease in real investment precisely in firms that invest too much. In support of the monitoring hypothesis, we show … influence on investment. We address the potential problem of endogeneity using the inclusion of a firm to the S&P 500 Index as …

We analyze how creditors' simultaneous debt and equity holdings affect firm investment policies. Firms with dual … unconditional waiver and do not significantly reduce debt issuance or investment expenditures after a financial covenant violation …