[
Aghamolla, C., & Thakor, R. T. (2022). IPO peer effects. Journal of Financial Economics, 144(1), 206–226. https://doi.org/10.1016/j.jfineco.2021.05.055
]Search in Google Scholar
[
Agyemang, O. S., Fantini, G., & Frimpong, J. (2015). Does country-level governance enhance ethical behaviour of firms? An African perspective. International Journal of Law and Management, 57(6), 582–599. https://doi.org/10.1108/IJLMA-12-2014-0063
]Search in Google Scholar
[
Agyemang, O. S., Gbettey, C., Gatsi, J. G., & Acquah, I. S. K. (2019). Country-level corporate governance and foreign direct investment in Africa. Corporate Governance: The International Journal of Business in Society, 19(5), 1133–1152. https://doi.org/10.1108/CG-07-2018-0259
]Search in Google Scholar
[
Aidis, R., Estrin, S., & Mickiewicz, T. (2008). Institutions and entrepreneurship development in Russia: A comparative perspective. Journal of Business Venturing, 23(6), 656–672. https://doi.org/10.1016/j.jbusvent.2008.01.005
]Search in Google Scholar
[
Akdoğu, E., & MacKay, P. (2008). Investment and Competition. Journal of Financial and Quantitative Analysis, 43(2), 299–330. https://doi.org/10.1017/S0022109000003537
]Search in Google Scholar
[
Ali, S., Rehman, A. ur, Jawad, M., & Naz, M. (2024). Product market competition and investment efficiency nexus with mediating effect of firm risk-taking in Pakistan. International Journal of Disclosure and Governance, 21(3), 488–499. https://doi.org/10.1057/s41310-023-00211-6
]Search in Google Scholar
[
An, Z. (2013). Private Property Rights, Investment Patterns, and Asset Structure. Economics & Politics, 25(3), 481–495. https://doi.org/10.1111/ecpo.12021
]Search in Google Scholar
[
Autor, D., Dorn, D., Hanson, G. H., Pisano, G., & Shu, P. (2020). Foreign Competition and Domestic Innovation: Evidence from US Patents. American Economic Review: Insights, 2(3), 357–374. https://doi.org/10.1257/aeri.20180481
]Search in Google Scholar
[
Aysan, A. F., Nabli, M. K., & Véganzonès-Varoudakis, M.-A. (2007). Governance Institutions and Private Investment: An Application to the Middle East and North Africa. The Developing Economies, 45(3), 339–377. https://doi.org/10.1111/j.1746-1049.2007.00042.x
]Search in Google Scholar
[
Bologna, J. (2017). Corruption, Product Market Competition, and Institutional Quality: Empirical Evidence from the U.s. States. Economic Inquiry, 55(1), 137–159. https://doi.org/10.1111/ecin.12378
]Search in Google Scholar
[
Bonetti, P., Magnan, M. L., & Parbonetti, A. (2016). The Influence of Country- and Firm-level Governance on Financial Reporting Quality: Revisiting the Evidence. Journal of Business Finance & Accounting, 43(9–10), 1059–1094. https://doi.org/10.1111/jbfa.12220
]Search in Google Scholar
[
Božanić, D., Epler, I., Puška, A., Biswas, S., Marinković, D., & Koprivica, S. (2024). Application of the DIBR II – rough MABAC decision-making model for ranking methods and techniques of Lean organization systems management in the process of technical maintenance. Facta Universitatis Series Mechanical Engineering, 22(1), 101. https://doi.org/10.22190/fume230614026b
]Search in Google Scholar
[
Bruno, R. L., Bytchkova, M., & Estrin, S. (2013). Institutional Determinants of New Firm Entry in Russia: A Cross-Regional Analysis. The Review of Economics and Statistics, 95(5), 1740–1749. https://doi.org/10.1162/REST_a_00322
]Search in Google Scholar
[
Cenni, S., Monferrà, S., Salotti, V., Sangiorgi, M., & Torluccio, G. (2015). Credit rationing and relationship lending. Does firm size matter? Journal of Banking & Finance, 53, 249–265. https://doi.org/10.1016/j.jbankfin.2014.12.010
]Search in Google Scholar
[
Chen, H.-L., & Hsu, W.-T. (2009). Family Ownership, Board Independence, and R&D Investment. Family Business Review, 22(4), 347–362. https://doi.org/10.1177/0894486509341062
]Search in Google Scholar
[
Chundakkadan, R., & Sasidharan, S. (2020). Financial constraints, government support, and firm innovation: Empirical evidence from developing economies. Innovation and Development, 10(3), 279–301. https://doi.org/10.1080/2157930X.2019.1594680
]Search in Google Scholar
[
Cooper, R., & Ejarque, J. (2001). Exhuming Q: Market Power vs. Capital Market Imperfections (Working Paper 8182). National Bureau of Economic Research. https://doi.org/10.3386/w8182
]Search in Google Scholar
[
Cooray, A. (2009). Government Expenditure, Governance and Economic Growth. Comparative Economic Studies, 51(3), 401–418. https://doi.org/10.1057/ces.2009.7
]Search in Google Scholar
[
de Guevara, J. F., & Maudos, J. (2011). Banking competition and economic growth: Cross-country evidence. The European Journal of Finance, 17(8), 739–764. https://doi.org/10.1080/1351847X.2011.554300
]Search in Google Scholar
[
Durnev, A., & Mangen, C. (2020). The spillover effects of MD&A disclosures for real investment: The role of industry competition. Journal of Accounting and Economics, 70(1), 101299. https://doi.org/10.1016/j.jacceco.2020.101299
]Search in Google Scholar
[
Ernstberger, J., & Grüning, M. (2013). How do firm- and country-level governance mechanisms affect firms’ disclosure? Journal of Accounting and Public Policy, 32(3), 50–67. https://doi.org/10.1016/j.jaccpubpol.2013.02.003
]Search in Google Scholar
[
Estrin, S., & Prevezer, M. (2010). A survey on institutions and new firm entry: How and why do entry rates differ in emerging markets? Economic Systems, 34(3), 289–308. https://doi.org/10.1016/j.ecosys.2010.01.003
]Search in Google Scholar
[
Fabrizi, A., Guarini, G., & Meliciani, V. (2018). Green patents, regulatory policies and research network policies. Research Policy, 47(6), 1018–1031. https://doi.org/10.1016/j.respol.2018.03.005
]Search in Google Scholar
[
Farooq, U., Ahmed, J., & Khan, S. (2021). Do the macroeconomic factors influence the firm’s investment decisions? A generalized method of moments (GMM) approach. International Journal of Finance & Economics, 26(1), 790–801. https://doi.org/10.1002/ijfe.1820
]Search in Google Scholar
[
Farooq, U., Tabash, M. I., Al-Rdaydeh, M., & Al-Faryan, M. A. S. (2022). Measuring the Impact of Country-level Governance on Corporate Investment: A New Panel Data Evidence. Global Business Review, 09721509221112993. https://doi.org/10.1177/09721509221112993
]Search in Google Scholar
[
Fayissa, B., & Nsiah, C. (2013). The Impact of Governance on Economic Growth in Africa. The Journal of Developing Areas, 47(1), 91–108. https://www.jstor.org/stable/23612261
]Search in Google Scholar
[
Fombang, M. S., & Adjasi, C. K. (2018). Access to finance and firm innovation. Journal of Financial Economic Policy, 10(1), 73–94. https://doi.org/10.1108/JFEP-10-2016-0070
]Search in Google Scholar
[
Galeotti, M., & Schiantarelli, F. (1991). Generalized Q Models for Investment. The Review of Economics and Statistics, 73(3), 383–392. https://doi.org/10.2307/2109562
]Search in Google Scholar
[
Gerged, A. M., Beddewela, E. S., & Cowton, C. J. (2023). Does the quality of country-level governance have an impact on corporate environmental disclosure? Evidence from Gulf Cooperation Council countries. International Journal of Finance & Economics, 28(2), 1179–1200. https://doi.org/10.1002/ijfe.2469
]Search in Google Scholar
[
Gilbert, R. J. (2006). Competition and Innovation. Journal of Industrial Organization Education, 1(1), 1–23. https://doi.org/10.2202/1935-5041.1007
]Search in Google Scholar
[
Gomila, R. (2021). Logistic or linear? Estimating causal effects of experimental treatments on binary outcomes using regression analysis. Journal of Experimental Psychology: General, 150(4), 700–709. https://doi.org/10.1037/xge0000920
]Search in Google Scholar
[
Grieser, W., & Liu, Z. (2019). Corporate Investment and Innovation in the Presence of Competitor Constraints. The Review of Financial Studies, 32(11), 4271–4303. https://doi.org/10.1093/rfs/hhz021
]Search in Google Scholar
[
Hatfield, J. W., & Kosec, K. (2013). Federal competition and economic growth. Journal of Public Economics, 97, 144–159. https://doi.org/10.1016/j.jpubeco.2012.08.005
]Search in Google Scholar
[
Hay, D. A., & Liu, G. S. (1998). The Investment Behaviour of Firms in an Oligopolistic Setting. The Journal of Industrial Economics, 46(1), 79–99. https://doi.org/10.1111/1467-6451.00062
]Search in Google Scholar
[
He, W., Tong, T. W., & Xu, M. (2022). How Property Rights Matter to Firm Resource Investment: Evidence from China’s Property Law Enactment. Organization Science, 33(1), 293–310. https://doi.org/10.1287/orsc.2020.1418
]Search in Google Scholar
[
Hillier, D., Pindado, J., Queiroz, V. de, & Torre, C. de la. (2011). The impact of country-level corporate governance on research and development. Journal of International Business Studies, 42(1), 76–98. https://doi.org/10.1057/jibs.2010.46
]Search in Google Scholar
[
Karaca-Mandic, P., Norton, E. C., & Dowd, B. (2012). Interaction Terms in Nonlinear Models. Health Services Research, 47(1pt1), 255–274. https://doi.org/10.1111/j.1475-6773.2011.01314.x
]Search in Google Scholar
[
Kostić, Z., & Radukić, S. (2021). Policy measures in Western Balkan countries in the context of COVID-19 crisis. Oikos Institute Book of Abstracts. https://oikosinstitut.org/wp-content/uploads/2021/07/Book-of-abstract.pdf
]Search in Google Scholar
[
Krammer, S. M. S. (2022). Human resource policies and firm innovation: The moderating effects of economic and institutional context. Technovation, 110, 102366. https://doi.org/10.1016/j.technovation.2021.102366
]Search in Google Scholar
[
Lestage, R., Flacher, D., Kim, Y., Kim, J., & Kim, Y. (2013). Competition and investment in telecommunications: Does competition have the same impact on investment by private and state-owned firms? Information Economics and Policy, 25(1), 41–50. https://doi.org/10.1016/j.infoecopol.2013.02.001
]Search in Google Scholar
[
Li, J., Maung, M., & Wilson, C. (2018). Governance and financial development: A cross-country analysis. Journal of International Financial Markets, Institutions and Money, 52, 227–239. https://doi.org/10.1016/j.intfin.2017.09.020
]Search in Google Scholar
[
Lin, C., & Man-lai Wong, S. (2013). Government intervention and firm investment: Evidence from international micro-data. Journal of International Money and Finance, 32, 637–653. https://doi.org/10.1016/j.jimonfin.2012.06.002
]Search in Google Scholar
[
Ma, H. (2000). Competitive advantage and firm performance. Competitiveness Review: An International Business Journal, 10(2), 15–32. https://doi.org/10.1108/eb046396
]Search in Google Scholar
[
Malesky, E., McCulloch, N., & Nhat, N. D. (2015). The impact of governance and transparency on firm investment in Vietnam. Economics of Transition, 23(4), 677–715. https://doi.org/10.1111/ecot.12068
]Search in Google Scholar
[
Mariotti, S., & Marzano, R. (2021). The effects of competition policy, regulatory quality and trust on inward FDI in host countries. International Business Review, 30(6), 101887. https://doi.org/10.1016/j.ibusrev.2021.101887
]Search in Google Scholar
[
Martins, H. C., Schiehll, E., & Terra, P. R. S. (2017). Country-level governance quality, ownership concentration, and debt maturity: A comparative study of Brazil and Chile. Corporate Governance: An International Review, 25(4), 236–254. https://doi.org/10.1111/corg.12192
]Search in Google Scholar
[
Nandakumar, M. K., Ghobadian, A., & O’Regan, N. (2010). Business-level strategy and performance: The moderating effects of environment and structure. Management Decision, 48(6), 907–939. https://doi.org/10.1108/00251741011053460
]Search in Google Scholar
[
Nguyen, A., Nguyen, T., & Hoang, P. (2022). The impact of corporate governance quality on capital structure choices: Does national governance quality matter? Cogent Economics & Finance, 10(1), 2073003. https://doi.org/10.1080/23322039.2022.2073003
]Search in Google Scholar
[
Nguyen, T., Locke, S., & Reddy, K. (2015). Ownership concentration and corporate performance from a dynamic perspective: Does national governance quality matter? International Review of Financial Analysis, 41, 148–161. https://doi.org/10.1016/j.irfa.2015.06.005
]Search in Google Scholar
[
Nguyen, T., Nguyen, A., Nguyen, M., & Truong, T. (2021). Is national governance quality a key moderator of the boardroom gender diversity–firm performance relationship? International evidence from a multi-hierarchical analysis. International Review of Economics & Finance, 73, 370–390. https://doi.org/10.1016/j.iref.2021.01.013
]Search in Google Scholar
[
Oh, C. H., & Oetzel, J. (2011). Multinationals’ response to major disasters: How does subsidiary investment vary in response to the type of disaster and the quality of country governance? Strategic Management Journal, 32(6), 658–681. https://doi.org/10.1002/smj.904
]Search in Google Scholar
[
Pant, M., & Pattanayak, M. (2010). Corporate Governance, Competition and Firm Performance: Evidence from India. Journal of Emerging Market Finance, 9(3), 347–381. https://doi.org/10.1177/097265271000900305
]Search in Google Scholar
[
Phan, Q. T. (2024). Country-level governance quality, foreign ownership, and firm investment: Evidence from WBES database. Cogent Economics & Finance, 12(1), 2302633. https://doi.org/10.1080/23322039.2024.2302633
]Search in Google Scholar
[
Phan, Q. T., Nguyen, N. T., & Nguyen, V. D. (2024). How Does Government Support Affect Firm Performance? Evidence from WBES Dataset. Studies in Systems, Decision and Control, 531, 383–397. https://doi.org/10.1007/978-3-031-59110-5_26
]Search in Google Scholar
[
Reddy, K., Chundakkadan, R., & Sasidharan, S. (2021). Firm innovation and global value chain participation. Small Business Economics, 57(4), 1995–2015. https://doi.org/10.1007/s11187-020-00391-3
]Search in Google Scholar
[
Rivera-Batiz, F. L. (2002). Democracy, Governance, and Economic Growth: Theory and Evidence. Review of Development Economics, 6(2), 225–247. https://doi.org/10.1111/1467-9361.00151
]Search in Google Scholar
[
Sakellaris, P. (1994). A Note on Competitive Investment Under Uncertainty: Comment. The American Economic Review, 84(4), 1107–1112. http://www.jstor.org/stable/2118052
]Search in Google Scholar
[
Schmutzler, A. (2013). Competition and investment—A unified approach. International Journal of Industrial Organization, 31(5), 477–487. https://doi.org/10.1016/j.ijindorg.2013.07.010
]Search in Google Scholar
[
Stiglitz, J. E., & Dasgupta, P. (1982). Market Structure and Resource Extraction Under Uncertainty. In L. Matthiessen (Ed.), The Impact of Rising Oil Prices on the World Economy, 178–193. Palgrave Macmillan UK. https://doi.org/10.1007/978-1-349-06361-1_12
]Search in Google Scholar
[
Tang, Z., & Tang, J. (2016). The Impact of Competitors–Firm Power Divergence on Chinese SMES’ Environmental and Financial Performance. Journal of Business Ethics, 136(1), 147–165. https://doi.org/10.1007/s10551-014-2518-8
]Search in Google Scholar
[
Topić – Pavković, B. (2024). Challenges to global monetary and financial stability. Collection of papers new economy, 2, 31-45. https://doi.org/10.61432/CPNE0201031t
]Search in Google Scholar
[
Valta, P. (2012). Competition and the cost of debt. Journal of Financial Economics, 105(3), 661–682. https://doi.org/10.1016/j.jfineco.2012.04.004
]Search in Google Scholar
[
Wang, C. & Fu, X. (2024). Environmental Cost Accounting in the Sugar Industry: An MFCA Perspective on “Sweet” Environmental Burdens. Journal of Green Economy and Low-Carbon Development, 3(1), 45-55. https://doi.org/10.56578/jgelcd030105
]Search in Google Scholar
[
Wen, H., Lee, C.-C., & Zhou, F. (2022). How does fiscal policy uncertainty affect corporate innovation investment? Evidence from China’s new energy industry. Energy Economics, 105, 105767. https://doi.org/10.1016/j.eneco.2021.105767
]Search in Google Scholar
[
Zatonatskiy, D., & Lavrentiev, M. (2021). Institutional support for investing in critical infrastructure objects in Ukraine. Proceedings of the Oikos International Conference, 1(1), 10. https://conference.oikosinstitut.org/files/proc/Vol1No1/10.pdf
]Search in Google Scholar
[
Zeng, T. (2019). Country-level governance, accounting standards, and tax avoidance: A cross-country study. Asian Review of Accounting, 27(3), 401–424. https://doi.org/10.1108/ARA-09-2018-0179
]Search in Google Scholar
