Results 11 to 20 of about 3,030 (259)
"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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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
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The effects of financial leverage and debt maturity on the investments of Brazilian electric sector companies [PDF]
Revista Brasileira de Gestão De Negócios, 2019 Purpose – This research aimed to verify how companies of the electric energy segment choose levels of financial leverage and debt maturity in order to alleviate the underinvestment problem.
Aline Kuroda +2 more
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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
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Static and Dynamic Underinvestment: An Experimental Investigation [PDF]
SSRN Electronic Journal, 2014 In this paper we design a stylized version of an environment with public goods, dynamic linkages, and legislative bargaining. Our theoretical framework studies the provision of a durable public good as a modified version of Battaglini et al. (2012). We develop an experimental design that allows us to disentangle inefficiencies that would result in a ...
Agranov, Marina +3 more
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China Journal of Accounting Studies, 2022 This paper is the first empirical study of the economic consequences of the adoption of the employee director system in China from the perspective of the investment efficiency of enterprises, that is, based on empirical study of China’s capital market in
Bingyi Huang, Yuting Huang
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The «delay» of specific investments as the temporal analogue of underinvestment [PDF]
Журнал институциональных исследований, 2015 The paper attempts to draw parallels between underinvestment to specific assets and its "temporary" modification, which may be denoted as "delay". It discusses possible reasons and consequences of delay in the implementation of specific investments and ...
Dzagurova Nataliya, B. +1 more
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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
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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
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Optimal Organization of Surrogacy Contracts and Underinvestment [PDF]
Journal of Quantitative Economics, 2016 We develop a theoretical model of commercial gestational surrogacy in which a childless couple approaches a prospective surrogate, who is willing to gestate for the couple. We use a Principal-Agent framework with continuous effort to argue the following: in presence of limited liability of the surrogate, provision of optimal incentives (under non ...
Amrita Pramanick, Swapnendu Banerjee
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