Purpose The paper investigates the effect of corruption on corporate investment efficiency around world. Design/methodology/approach sample includes 218,350 observations from 30,074 firms across 42 countries. authors measure based Corruption Perception Index (CPI) Transparency International, Control (CCI) World Bank and International Country Risk Guide. Findings find that is negatively related ...

This paper applies real options analytic framework to firms’ investment activity in information security technology and then a dynamic analysis of information security investment is explored by extending Gordon-Loeb (2002). The current research provides how firms have to respond to immediate or remote threat numerically. It shows that although positive drift of threat causes both larger and lat...