The interplay of real earnings management and investment efficiency: Evidence from the U.S.
Cogent Business & Management, 2023 The main objective of this study is to empirically examine the impact of REM on various aspects of investment efficiency, including overinvestment and underinvestment.
Nedal Assad +2 more
doaj +1 more source
Incomplete Property Rights and Overinvestment [PDF]
SSRN Electronic Journal, 2009 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
openaire +4 more sources
KUALITAS PELAPORAN KEUANGAN, MEKANISME GOVERNANCE, DAN EFISIENSI INVESTASI [PDF]
Jurnal Akuntansi Multiparadigma, 2016 Abstrak: Kualitas Pelaporan Keuangan, Mekanisme Governance, dan Efisiensi Investasi. Penelitian ini bertujuan untuk menguji hubungan antara kualias pelaporan keuangan dengan efisiensi investasi di ASEAN.
Ulum Tri Handayani +2 more
doaj +1 more source
Activity Overinvestment: The Case of R&D [PDF]
Journal of Management, 2017 The literature on corporate diversification has argued for and established the case that companies overdiversify in a product market sense (i.e., enter into unrelated product markets where they may not fully cover their cost of capital). Yet even without engaging in unrelated diversification, managers need to make resource allocation decisions in a ...
Ahuja, G., Novelli, E.
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Political connections, overinvestment and governance mechanism in Indonesia
Cogent Economics & Finance, 2020 The purpose of this study is to investigate the association between political connections and overinvestment in Indonesia as a democratic, multi-party and developing country.
Mohammad Nasih +4 more
doaj +1 more source
Does business cycle matter in bank-firm relationships to overcome under-over-investment? [PDF]
Banks and Bank Systems, 2018 Considering that bank does not always perform its functions to overcome financial constraints and to monitor the company’s financial activities, this study aims to examine the role of bank-firm relationships in the effect of internal finance on ...
Aniek Hindrayani +3 more
doaj +1 more source
Innovation, Endogenous Overinvestment, and Incentive Pay [PDF]
SSRN Electronic Journal, 2005 We analyze how two key managerial tasks interact: that of growing the business through creating new investment opportunities and that of providing accurate information about these opportunities in the corporate budgeting process. We show how this interaction endogenously biases managers toward overinvesting in their own projects.
Inderst, Roman, Klein, Manuel
openaire +3 more sources
Investigation The Relationship Between Financial Reporting Quality Models, Debt Maturity and Investment Efficiency and Inefficiency [PDF]
مطالعات تجربی حسابداری مالی, 2018 In this research, the effect of financial reporting quality model and timing of liabilities on investment efficiency as well as the effect of timing of obligations on the relationship between financial reporting quality and investment efficiency and ...
Marzie Hedayatipour +1 more
doaj +1 more source
The Effect of CEO Overconfidence on Overinvestment: An Analysis of the Role of Inflation Uncertainty in the Capital Market [PDF]
Iranian Journal of Finance, 2020 Investment is seen as one of the most important and influential factors in economic growth and development. It is directly affected by managers' approaches to decision-making because identifying the best investment opportunities to achieve ideal returns ...
Hossein Alidadi +2 more
doaj +1 more source
The Impact of CEO’s Overconfidence on the Relationship between Cash Holdings and Excess [PDF]
مطالعات تجربی حسابداری مالی, 2021 In this study, the impact of CEO’s overconfidence on the relationship between cash holding and excess returns is investigated in companies listed in Tehran Stock Exchange during the years 2011-2018. For CEO’s overconfidence, overinvestment in assets, and
Mohammad Ali Aghaei +1 more
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