Results 31 to 40 of about 794 (208)
The Impact of Political Connections on Overinvestment and Firm Performance [PDF]
بررسیهای حسابداری و حسابرسی, 2018 Objective: Overinvestment is a type of investment behavior that results from greater access to free cash flows. Usually, access to external resources is more in companies with strong political connections.
Younes Badavar Nahandi +1 more
doaj +1 more source
Refinancing of Long-Term Debt and Tendency to Overinvest
American Business ReviewWe examine how the forthcoming refinancing of long-term debt affects firms’ overinvestment tendency. We find that firms reduce overinvestment in the year before the refinancing year. Refinancing risk reduces the propensity to overinvest by 6–8%.
Li Liu, Amanjot Singh, Harminder Singh
doaj +1 more source
Over-Investment, the Marginal Value of Cash Holdings and Corporate Governance [PDF]
بررسیهای حسابداری و حسابرسی, 2017 This study examines the relationship between marginal value of cash holdings and overinvestment as well as corporate governance of firms in the capital market (i.e. Tehran Stock Exchange).
Seyyed Mahmoud Mousavi Shiri +2 more
doaj +1 more source
Long-term Debts and Overinvestment in Cash and Capital Expenditures: An Agency Perspective [PDF]
مطالعات تجربی حسابداری مالی, 2012 Managers' tendency to overinvestment is one of the agency costs that due to conflict of Interests between managements and shareholders the firms are encountered with.
Javad MOradi, Ahmad Rahmanian
doaj
China's Overinvestment and International Trade Conflicts [PDF]
China & World Economy, 2019 AbstractFor a long time, China's impressive growth performance has been driven by investment and high productivity gains. Based on a discussion of possible overcapacities and overinvestment in China, this paper investigates the sustainability of China's investment and export‐driven growth model. Since the turn of the millennium, buoyant capital inflows
openaire +2 more sources
Suboptimal investments and M&A deals in emerging capital markets [PDF]
Ekonomski Anali, 2016 This paper focuses on the efficiency of target-company investment decisions before and after Merger & Acquisition deals. We study whether M&A deals help to solve the problem of suboptimal investment after the acquisition.
Cherkasova Victoria, Zakharova Evgeniya
doaj +1 more source
RISK OF OVERINVESTMENT IN MUNICIPALITIES
Acta Scientiarum Polonorum. Oeconomia, 2017 This article describes investment activities of self-government territorial units. Its aim is to present the importance of investments for the provision of public services by municipalities. The opinions of the respondents about the causes of excessive or misguided investments and the ways of reducing their scale were presented.
openaire +2 more sources
Earnings Quality and Investment Efficiency: Evidence from Eastern Europe
Review of Economic Perspectives, 2017 This study explores the firm-level relationship between earnings quality and investment efficiency. Higher quality of reported results has the capacity to positively impact the efficiency of company’s investment levels by over- and underinvestment ...
Cherkasova Victoria, Rasadi Daryush
doaj +1 more source
A study of the impact of information disclosure quality on the efficiency of corporate investment—Based on civil engineering listed companies [PDF]
E3S Web of Conferences, 2020 Most of the existing studies on the impact of disclosure quality of listed companies on the investment efficiency of enterprises are based on the static level, and the article investigates the evolution of disclosure quality on the investment efficiency ...
Zhang Liying
doaj +1 more source
Business Strategy and the Environment, EarlyView.ABSTRACT This study examines the role of managerial ability in driving environmental performance and overall environmental, social, and governance (ESG) ratings in the context of the European Union sustainability reporting regulations. Using a sample of 7242 firm‐year observations over the period 2015–2023, our results indicate a structural change in ...
Mihaela Ionașcu +2 more
wiley +1 more source