Static and Dynamic Underinvestment: An Experimental Investigation [PDF]
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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Earnings Quality and Investment Efficiency: Evidence from Eastern Europe
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
The Investigation of the Relationship between the Value of Cash Holding and EVA Performance Evaluation of Companies Listed in Tehran Stock Exchange [PDF]
This paper investigates the effect of the economic value added (EVA) performance evaluation on the value of the cash holdings of Tehran Stock Exchange firms.
Ghazaleh Razeghi, Zahra Amirhosseini
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Underinvestment in agricultural research [PDF]
This year marks the 20th anniversary of the inception of ASTI. During this time, governments, donors, and international organizations have used ASTIâs evidence to guide agricultural research investment and policy decisions, to assess areas of underinvestment, to identify capacity gaps and training needs, and to demonstrate the returns to agricultural
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Optimal Organization of Surrogacy Contracts and Underinvestment [PDF]
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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Endogenous Uncertainty: Does Investment Inefficiency Contributes to Uncertainty?
We investigate the endogenous relationship between firm-level investments and macro-level uncertainty for U.S publicly listed firms from 1996 Q1 to 2019 Q4. Based on the Vector AutoRegressive analysis, we learn that underinvestment tends to increase news-
Rita Juliana +3 more
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Over-Investment, the Marginal Value of Cash Holdings and Corporate Governance [PDF]
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
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CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE, INVESTMENT EFFICIENCY, INNOVATION, AND FIRM VALUE
This research purpose is to analyze the effect of Corporate Social Responsibility Disclosure on the value of environmentally risky companies, as those in agricultural, primary industry and chemicals, mining, property, real estate, and building ...
Dien Ajeng Fauziah +2 more
doaj +1 more source
This study examines the impact of debt financing on the productivity of capital invested and the mediating role of corporate investment using data from manufacturing firms in China, Japan and the United States.
Tenkir Seifu Legesse +3 more
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Managerial Ability, Investment Efficiency and Financial Reporting Quality [PDF]
This study is aimed to investigate the effects of managerial ability on the investment efficiency and also examine the effect of financial reporting quality on the extent of managerial ability effectiveness on the investment efficiency of firms listed in
daryoush foroghi, amin sakiani
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