Impact of the growth opportunities of influential firms on future investment intentions: A cross-country study

Raffaele Staglianò and Guillaume Andrieu

Finance Research Letters, 2017, vol. 21, issue C, 235-240

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 because greater political connections enhance the propensity to invest due to the expected profitability.

Keywords: Investment intentions; Growth opportunities; Influential firms (search for similar items in EconPapers)
JEL-codes: G30 G31 G38 (search for similar items in EconPapers)
Date: 2017
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:21:y:2017:i:c:p:235-240

DOI: 10.1016/j.frl.2016.12.009

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