Using a global database, we examine whether perceived firm influence on policymaking affects the sensitivity of future investment intentions to current growth opportunities. The empirical results indicate that sensitivity increases with political influence, possibly be- cause greater political connections enhance the propensity to invest due to the expected profitability
Impact of the growth opportunities of influential firms on future investment intentions: A cross-country study
Staglianò, RaffaelePrimo
;
2017-01-01
Abstract
Using a global database, we examine whether perceived firm influence on policymaking affects the sensitivity of future investment intentions to current growth opportunities. The empirical results indicate that sensitivity increases with political influence, possibly be- cause greater political connections enhance the propensity to invest due to the expected profitabilityFile in questo prodotto:
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