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Keywords: Underinvestment
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Journal Articles
Journal:
Journal of Asia Business Studies
Journal of Asia Business Studies (2018) 12 (1): 44–59.
Published: 02 January 2018
... of equity capital. However, no significant relationship was found between underinvestment and cost of equity. Originality/value The results provide empirical support to the argument that investment efficiency acts as a mechanism which represents lower agency conflict. Moreover, the findings provide...
