... investment behavior G31 Q56 To accurately measure corporate cross-regional investment behavior, we define the establishment of subsidiaries outside the region of a company’s office address as cross-region investment. We collect data on listed companies from TianYanCha website [1] , compiling...

... information and agency costs, investment inefficiency problems can arise due to overconfidence. Behavioral finance CEO overconfidence Investment efficiency Internal sources of financing LSDV G31 G40 G41 O16 D81 D82 C33 Although chief executive officers (CEOs) are expected to make...

... of the macroeconomic environment increases, companies using blockchain technology have lower corporate risks than those not using this technology. E22 E32 G31 Bitcoin, one of the most popular digital currencies, has experienced a recent surge, reaching its highest point of 57,000 US dollars...

... the mechanisms through which internal capital markets benefit R&D. This study uses a unique methodology to test the ability of the internal capital market to enhance R&D spending. In addition, group firms use internal cash flow and equity financing to support partners' R&D projects. G31 G32 O32...

... by studying a multitude of forms of governmental ownership as well as the role of competition in Russia. Especially the profitability of state-controlled firms is significantly affected by industry characteristics. Implications of the results are discussed both from firm and policy maker perspectives. G31...