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

Raffaele Staglianò and Guillaume Andrieu
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Raffaele Staglianò: MRM - Montpellier Research in Management - UPVM - Université Paul-Valéry - Montpellier 3 - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier, Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School
Guillaume Andrieu: MRM - Montpellier Research in Management - UPVM - Université Paul-Valéry - Montpellier 3 - UPVD - Université de Perpignan Via Domitia - Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School - UM - Université de Montpellier, Groupe Sup de Co Montpellier (GSCM) - Montpellier Business School

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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: Influential firms; Investment intentions; Growth opportunities (search for similar items in EconPapers)
Date: 2017-05
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Citations: View citations in EconPapers (2)

Published in Finance Research Letters, 2017, 21, pp.235-240. ⟨10.1016/j.frl.2016.12.009⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-02279485

DOI: 10.1016/j.frl.2016.12.009

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