2018
DOI: 10.1590/1807-7692bar2018170120
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Financial Reporting Quality, Debt Maturity, and Chief Executive Officer Career Concerns on Investment Efficiency

Abstract: The purpose of this research is to investigate the effect of financial reporting quality, debt maturity, and CEO career concerns on investment efficiency in Indonesia. This study used a sample of 680 observations from nonfinancial companies in Indonesia during the period from 2012 to 2015 using panel regression. The results show that financial reporting quality does not affect investment efficiency. This might be because the quality of financial reporting has no effect in the overinvestment scenario. Under thi… Show more

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Cited by 8 publications
(15 citation statements)
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“…According to free cash flow overinvestment theory, when a company's internal financing is abundant, excess free cash flow is generated, and then companies can take advantage of excess internal funds for investment. Investment can be interpreted as a decision to spend current funds for assets in order to gain income (Aulia & Siregar, 2018). Investment plays a critical role inside and outside the company.…”
Section: Literature Review and Hypothesesmentioning
confidence: 99%
“…According to free cash flow overinvestment theory, when a company's internal financing is abundant, excess free cash flow is generated, and then companies can take advantage of excess internal funds for investment. Investment can be interpreted as a decision to spend current funds for assets in order to gain income (Aulia & Siregar, 2018). Investment plays a critical role inside and outside the company.…”
Section: Literature Review and Hypothesesmentioning
confidence: 99%
“…The content of the bulletin should be relevant to the consumer who is going to read it and comprehend it [4]. If the organization does not send the booklet when it has anything to say, doing so will be a waste of time and money for both the clients and the organization [10].…”
Section: Customer Loyalty In the Fundamental Viewpointsmentioning
confidence: 99%
“…It is possible to successfully build personal relationships with consumers by efficiently tuning in to, pulling in, and responding to what customers want and need. Loss of opportunities caused by failing to connect with and respond to clients across interpersonal organizations and traditional selling channels [4]. The company suffered a loss in revenue as a result of missed opportunities as well as those that were squandered [11].…”
Section: Customer Loyalty In the Fundamental Viewpointsmentioning
confidence: 99%
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