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Environmental, social and governance (ESG) performance as a moderator in assessing the impact of government subsidies on underinvestment in China [PDF]
HeliyonIn recent years, underinvestment has become common among subsidised enterprises in China. Stakeholder theory asserts that environmental, social and governance (ESG) performance forces enterprises to prioritise stakeholder needs by incorporating ESG ...
Xiaoqian Wang, Lian Kee Phua, Chu Wang
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The underinvestment problem under conglomeration
Cogent Economics & Finance, 2015 This theoretical paper explores whether the underinvestment problem is aggravated or ameliorated by the formation of a pure conglomerate. It establishes that the answer depends critically on the volatility of corporate assets.
Jacques A. Schnabel
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Managerial overconfidence, internal financing and investment [PDF]
Iranian Journal of Finance, 2020 Corporate investment decisions are determined by a variety of factors, including various managerial measures, including overconfidence of managers, which are important determinants of corporate investment decisions.
Shahnaz Mashayekh, Fatemeh Morshedi
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Cogent Business & Management, 2023 Motivated by agency and stakeholder theories, this study aims to investigate the effect of corporate governance quality as measured by a single index on investment efficiency in the six Arab Gulf countries, commonly known as Gulf Cooperation Council (GCC)
Adam Yahya Jafeel +3 more
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Investigating the Effect of Institutional Ownership and Ownership Concentration on Labor Investment Efficiency [PDF]
تحقیقات مالی, 2022 Objective: Efficient investment in human resources and the factors affecting it are among the topics receiving less attention in the academic literature.
Gholamreza Karami +2 more
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Financial Reporting Quality, Debt Maturity, and Chief Executive Officer Career Concerns on Investment Efficiency [PDF]
BAR: Brazilian Administration Review, 2018 The purpose of this research is to investigate the effect of financial reporting quality, debt maturity, and CEO career concerns on investment efficiency in Indonesia. This study used a sample of 680 observations from non-financial companies in Indonesia
Darlin Aulia, Sylvia Veronica Siregar
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"Underinvestment Problem: Romanian Evidence " [PDF]
Annales Universitatis Apulensis Series Oeconomica, 2013 This paper aims to provide Romanian firm-level evidence concerning the investment decisions - financial leverage - growth opportunities relation. Using traditional panel data techniques on a sample of 67 companies listed at Bucharest Stock Exchange, we found that increasing debt and firm size have a negative impact on investment decisions, while the ...
Claudiu Botoc, Cosmin Enache
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International Journal of Built Environment and Sustainability, 2022 There is a lack of understanding of the theory of the Tragedy of the Anticommons (ToA), a type of coordination breakdown or a hold-out problem involving multiple fragmented co -proprietorships with undivided shares, in the land partition context.
Gabriel Hoh Teck Ling +6 more
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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
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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
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