We find that corporate giving represents a private benefit of control that distorts corporate investment and financing …, corporate charitable contributions fall, while investment rises, suggesting suboptimal investment caused by managerial private …

corporate investment using data from manufacturing firms in China, Japan and the United States. We find that firms that use more … productivity of the capital invested and that this effect is partly mediated by the investment of the manufacturing firms. This … paper shades light into the present understanding of how companies use debt financing decisions to boost their investment …

Firms hold cash for precautionary reasons. The COVID-19 pandemic plausibly represents an exogenous shock for which … firms hold cash. We examine the impact of cash holdings on corporate investment during the COVID-19 pandemic. We find that … COVID-19 on investment is less for firms with accumulated cash. Firms at the 81st percentile of cash holdings maintain …

generates novel implications for the impact of renegotiable debt on covenant and investment policies …

This paper examines the effect of economic policy uncertainty (EPU) on firm-level investment and corporate financial … depresses firms' investment decisions and debt financing. Our results are robust when alternative measures of our main variables …