Does Institutional Ownership Improve Firm Investment Efficiency?
نویسندگان
چکیده
منابع مشابه
The Impact of Corporate Social Responsibility and Influential Institutional Ownership the Firm Valuel
This study examines the relationship between corporate social responsibility and Influential Institutional Ownership on the value of companies admitted to the Tehran Stock Exchange during the period of 2011-2017. By screening, 152 sample companies were identified. To test the hypothesis of the research, linear regression has been used based on panel data. The findings of this research show tha...
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Neoclassical models postulate that firms’ investment is determined by expected profitability and the cost of capital. Capital market imperfections, caused by information asymmetries and agency costs, lead to a modified investment scenario, where the external cost of capital is higher than the cost of internal funds. This, in turn, leads to the well-known result of underinvestment by firms. We h...
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ژورنال
عنوان ژورنال: Emerging Markets Finance and Trade
سال: 2018
ISSN: 1540-496X,1558-0938
DOI: 10.1080/1540496x.2018.1486705