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- Publisher Website: 10.1016/j.jimonfin.2012.06.002
- Scopus: eid_2-s2.0-84874767915
- WOS: WOS:000209350000031
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Article: Government intervention and firm investment: Evidence from international micro-data
Title | Government intervention and firm investment: Evidence from international micro-data |
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Authors | |
Keywords | Firm investment Government intervention International evidence |
Issue Date | 2013 |
Citation | Journal of International Money and Finance, 2013, v. 32 n. 1, p. 637-653 How to Cite? |
Abstract | Building on the important study by Beck et al. (2005), we examine how government intervention in firms' decision-making is related to their investment and sales growth. Using the unique World Bank dataset (WBES) covering 6500 firms in 70 countries, we find strong evidence that the extent of government intervention in firms' investment, employment, sales, pricing, dividend, and merger and acquisition decisions is negatively related to their investment and sales growth, with the effect being more profound in foreign owned firms and less significant in state-owned firms. The empirical results are robust to a series of robustness tests and instrumental variable regressions. |
Persistent Identifier | http://hdl.handle.net/10722/192344 |
ISSN | 2021 Impact Factor: 2.762 2020 SCImago Journal Rankings: 1.513 |
SSRN | |
ISI Accession Number ID |
DC Field | Value | Language |
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dc.contributor.author | Lin, C | en_US |
dc.contributor.author | Man-lai Wong, S | en_US |
dc.date.accessioned | 2013-10-24T01:50:05Z | - |
dc.date.available | 2013-10-24T01:50:05Z | - |
dc.date.issued | 2013 | en_US |
dc.identifier.citation | Journal of International Money and Finance, 2013, v. 32 n. 1, p. 637-653 | en_US |
dc.identifier.issn | 0261-5606 | en_US |
dc.identifier.uri | http://hdl.handle.net/10722/192344 | - |
dc.description.abstract | Building on the important study by Beck et al. (2005), we examine how government intervention in firms' decision-making is related to their investment and sales growth. Using the unique World Bank dataset (WBES) covering 6500 firms in 70 countries, we find strong evidence that the extent of government intervention in firms' investment, employment, sales, pricing, dividend, and merger and acquisition decisions is negatively related to their investment and sales growth, with the effect being more profound in foreign owned firms and less significant in state-owned firms. The empirical results are robust to a series of robustness tests and instrumental variable regressions. | - |
dc.language | eng | en_US |
dc.relation.ispartof | Journal of International Money and Finance | en_US |
dc.subject | Firm investment | - |
dc.subject | Government intervention | - |
dc.subject | International evidence | - |
dc.title | Government intervention and firm investment: Evidence from international micro-data | en_US |
dc.type | Article | en_US |
dc.identifier.doi | 10.1016/j.jimonfin.2012.06.002 | en_US |
dc.identifier.scopus | eid_2-s2.0-84874767915 | en_US |
dc.identifier.volume | 32 | en_US |
dc.identifier.issue | 1 | en_US |
dc.identifier.spage | 637 | en_US |
dc.identifier.epage | 653 | en_US |
dc.identifier.isi | WOS:000209350000031 | - |
dc.identifier.ssrn | 1454884 | - |
dc.identifier.issnl | 0261-5606 | - |