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 … debt raising activity and stock performance. The evidence suggests that accounting conservatism reduces underinvestment in …

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 investigates the impact of the financial crisis on investment decisions in innovative versus non … more likely to suffer from the financial crisis and to reduce their investment expenditures in general. To some extent … investment growth than non-innovative firms. …

and whether mechanisms such as tax morality, investment horizon, and corporate governance underlie the relation between …, this negative association is dominated by FIIs from countries with high tax morality, FIIs with long-term investment …

corporate investment. We show that in a sample of publicly listed firms in 10 advanced and emerging markets economies during the … period 1990–2013, bank systemic risk is positively associated with the corporate investment, after controlling for a large … corporate investment varies, depending on firm size and growth opportunities …

and corporate investment. In line with theoretical predictions that credit lines aid firms to invest during times of … investment, this effect was mitigated somewhat by credit line usage. We also find that in contrast to non-crisis times, during …

This paper studies how people in certain country view their status relate to corporate investment decisions. Utilizing … with capital expenditure while innovation is positively correlated. This suggests that investment decision is based on …

government intervention in firms' decision-making is related to their investment and sales growth. Using the unique World Bank … firms' investment, employment, sales, pricing, dividend, and merger and acquisition decisions is negatively related to their … investment and sales growth, with the effect being more profound in foreign owned firms. The empirical results are robust to a …

This paper investigates the effect of major board independence reforms on corporate investment efficiency using a large … sample of firms from 30 countries. We find evidence of a significant reduction in over-investment subsequent to initiation of … (2) in firms with lower insider ownership and higher analyst coverage. We also find stronger reductions in over-investment …

The investment cycle literature suggests that older CEOs with short investment horizon may be myopic and as result …