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Keywords: Over-investment
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Journal Articles
Review of Accounting and Finance (2023) 22 (3): 399–421.
Published: 22 May 2023
...Cemil Kuzey; Ali Uyar; Abdullah S. Karaman Purpose This study aims to test whether over-investment is associated with environmental, social and governance (ESG) variation (i.e. inequality) across its dimensions, which, if so, would imply the prioritization of the interests of some stakeholders...
Journal Articles
Review of Accounting and Finance (2015) 14 (2): 128–148.
Published: 11 May 2015
.../methodology/approach – The primary measure of product market competition is the Herfindahl–Hirschman Index. The authors use regression analysis to examine the association between corporate risk-taking and over-investment of free cash flow (FCF) (as dependent variables) and product market competition...

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