... ownership concentration. Further evidence suggests that the mechanism by which distracted institutional investors affect corporate risk-taking is that it reduces management's investment efficiency as well as exacerbates tunneling behavior of controlling shareholders. Additionally, we find that the impact...

...Shu-Hsien Lin; Guang-Zheng Chen Purpose This study investigates whether mandatory increases in the interim reporting frequency affect investment efficiency. Design/methodology/approach We use a sample of Taiwanese publicly traded firms and divide the sample into three reporting regimes: semi...

...Shin-Rong Shiah-Hou; Min-Hong Zhong Purpose This study examines the role of “Professional Directors” and their association with the quality of monitoring outcomes proxied by investment efficiency. “Professional Directors” are board members with no employment outside of serving as independent...

...Khairul Anuar Kamarudin; Nor Hazwani Hassan; Wan Adibah Wan Ismail Purpose This study examines the non-linear effect of board independence on the investment efficiency of listed firms worldwide. This study further tests whether the COVID-19 pandemic, industry competition and economic development...

... and internal power struggles among divisions, we argue and find that the positive effect of macroeconomic exposure on firms' investment efficiency decreases as the level of corporate diversification increases. The evidence also shows that this positive effect is stronger for segments operating in the same...

...Ehsan Poursoleyman; Gholamreza Mansourfar; Saeid Homayoun; Zabihollah Rezaee Purpose Employing a large sample consisting of 3,701 corporations domiciled in developed and emerging countries, this paper aims to analyze the mediating role of investment efficiency in the association between business...

... Investment efficiency Overinvestment Agency theory Intangible assets Cash holdings G30 G31 M40 The free cash flow theory argues that managers are not willing to distribute cash to shareholders even when the firm has it in excess of what is required to fund all positive net present value...

...Faisal Shahzad; Ijaz Ur Rehman; Sisira Colombage; Faisal Nawaz Purpose The purpose of this paper is to empirically investigate the impact of two monitoring mechanisms: family ownership (FO) and financial reporting quality (FRQ) on investment efficiency (IE) over the period of 2007–2014 for listed...