This paper investigates how unexpected monetary policy changes affect corporate
investment decisions in China. Using monetary policy shocks estimated with a sophisticated …

This paper analyzes the impact of unexpected changes in Chinese monetary policy on the
investment growth of public firms. Previous research on the Chinese economy has not …

This paper examines the sensitivity of investment to cash flow in declining economic
conditions, focusing on the impact of a firm's reliance on bank debt. Using the context of …

This paper analyzes the dynamic responses of key US macroeconomic variables to the
Fed's unconventional monetary policy in a newly developed instrumental variable structural …

The Philippines has had high levels of unemployment for years. During the 2000s, the
unemployment rate hovered between seven and ten percent. High unemployment can have …

Diversification as a strategic objective has become increasingly pursued by many
enterprises. However, whether diversification truly brings robust business operations and …