Matches in SemOpenAlex for { <https://semopenalex.org/work/W4320912684> ?p ?o ?g. }
- W4320912684 endingPage "803" @default.
- W4320912684 startingPage "779" @default.
- W4320912684 abstract "This study examines the impact of the Latin American Integrated Market (MILA for its Spanish acronym) on investment efficiency from 2003 to 2020. Our research suggests that MILA affects the efficiency of investment decisions by reducing information asymmetry and the agency problem. We present compelling empirical evidence that the impact of MILA on enhancing investment efficiency is especially pronounced in the over-investment problem. Furthermore, the mediation analysis reveals that firms listed on MILA stock exchanges have increased the efficiency of their investments, a result attributable partly to enhanced financial reporting quality. We employ difference-in-difference analysis to address the possibility of endogeneity. Our findings are validated by the fact that, compared with control firms, treatment firms improve their investment efficiency and mitigate the over-investment problem, thereby validating our findings." @default.
- W4320912684 created "2023-02-16" @default.
- W4320912684 creator A5034838143 @default.
- W4320912684 creator A5083274533 @default.
- W4320912684 date "2023-07-01" @default.
- W4320912684 modified "2023-10-14" @default.
- W4320912684 title "Reporting quality, stock market integration, and investment efficiency in Latin America" @default.
- W4320912684 cites W1056013413 @default.
- W4320912684 cites W1416127099 @default.
- W4320912684 cites W1969519191 @default.
- W4320912684 cites W1977240483 @default.
- W4320912684 cites W1979145051 @default.
- W4320912684 cites W1995153576 @default.
- W4320912684 cites W2005574658 @default.
- W4320912684 cites W2011702530 @default.
- W4320912684 cites W2014182748 @default.
- W4320912684 cites W2016808053 @default.
- W4320912684 cites W2034372432 @default.
- W4320912684 cites W2035554302 @default.
- W4320912684 cites W2046997108 @default.
- W4320912684 cites W2047376433 @default.
- W4320912684 cites W2050267070 @default.
- W4320912684 cites W2062697836 @default.
- W4320912684 cites W2062848406 @default.
- W4320912684 cites W2071267700 @default.
- W4320912684 cites W2075709010 @default.
- W4320912684 cites W2077777528 @default.
- W4320912684 cites W2088307771 @default.
- W4320912684 cites W2099737377 @default.
- W4320912684 cites W2100819365 @default.
- W4320912684 cites W2105453506 @default.
- W4320912684 cites W2105715156 @default.
- W4320912684 cites W2135241016 @default.
- W4320912684 cites W2138643950 @default.
- W4320912684 cites W2141703703 @default.
- W4320912684 cites W2144849733 @default.
- W4320912684 cites W2154207739 @default.
- W4320912684 cites W2185859795 @default.
- W4320912684 cites W2238500470 @default.
- W4320912684 cites W2564268022 @default.
- W4320912684 cites W2574624795 @default.
- W4320912684 cites W2583351629 @default.
- W4320912684 cites W2590924582 @default.
- W4320912684 cites W2735717513 @default.
- W4320912684 cites W2738690948 @default.
- W4320912684 cites W2752617332 @default.
- W4320912684 cites W2808596559 @default.
- W4320912684 cites W2890523165 @default.
- W4320912684 cites W2890714117 @default.
- W4320912684 cites W2900691885 @default.
- W4320912684 cites W2910455782 @default.
- W4320912684 cites W2910581128 @default.
- W4320912684 cites W2982036446 @default.
- W4320912684 cites W2993877438 @default.
- W4320912684 cites W3011328921 @default.
- W4320912684 cites W3044763177 @default.
- W4320912684 cites W3091796491 @default.
- W4320912684 cites W3111522623 @default.
- W4320912684 cites W3121403162 @default.
- W4320912684 cites W3122066244 @default.
- W4320912684 cites W3122300128 @default.
- W4320912684 cites W3122494874 @default.
- W4320912684 cites W3122547505 @default.
- W4320912684 cites W3122859634 @default.
- W4320912684 cites W3122962530 @default.
- W4320912684 cites W3123166372 @default.
- W4320912684 cites W3123339055 @default.
- W4320912684 cites W3123688296 @default.
- W4320912684 cites W3124114405 @default.
- W4320912684 cites W3124435411 @default.
- W4320912684 cites W3124550292 @default.
- W4320912684 cites W3124608720 @default.
- W4320912684 cites W3125125500 @default.
- W4320912684 cites W3125293776 @default.
- W4320912684 cites W3125397542 @default.
- W4320912684 cites W3125510660 @default.
- W4320912684 cites W3125686936 @default.
- W4320912684 cites W3125688476 @default.
- W4320912684 cites W3125754014 @default.
- W4320912684 cites W3127338416 @default.
- W4320912684 cites W3164352367 @default.
- W4320912684 cites W3178805923 @default.
- W4320912684 cites W3207986020 @default.
- W4320912684 doi "https://doi.org/10.1016/j.bir.2023.01.012" @default.
- W4320912684 hasPublicationYear "2023" @default.
- W4320912684 type Work @default.
- W4320912684 citedByCount "0" @default.
- W4320912684 crossrefType "journal-article" @default.
- W4320912684 hasAuthorship W4320912684A5034838143 @default.
- W4320912684 hasAuthorship W4320912684A5083274533 @default.
- W4320912684 hasBestOaLocation W43209126841 @default.
- W4320912684 hasConcept C10138342 @default.
- W4320912684 hasConcept C106159729 @default.
- W4320912684 hasConcept C109574028 @default.
- W4320912684 hasConcept C127413603 @default.
- W4320912684 hasConcept C144133560 @default.
- W4320912684 hasConcept C149782125 @default.
- W4320912684 hasConcept C151730666 @default.