This paper provides new evidence on the relationship between corporate tax avoidance, and investment inefficiency. Based on a sample of 82,487 firm-year observations across 38 countries, we find that tax avoidance is positively associated with inefficient investments. Particularly, the positive...

This paper investigates an important adverse effect of climate risk: its negative effect on corporate employment decisions. Using a cross-country sample of 31,200 observations for the period 2011–2019, we find that climate risk due to extreme weather events is positively associated with...

Purpose This study provides new insights into the relationship between the heterogeneity of institutional investors (IIs) and corporate tax avoidance (CTA). It also investigates whether family ownership moderates this relationship. Design/methodology/approach Based on a sample of 200...