Li, Ganbing; Zhu, Kai - In: China journal of accounting research : CJAR 17 (2024) 1, pp. 1-17
, thereby reducing investment-q sensitivity. However, this deviation does not imply a waste of societal resources; instead, it … private information. We find that (1) private information is negatively associated with investment-q sensitivity, and that the … greater the sales of the new product, the lower the investment-q sensitivity; (2) the negative effect is more pronounced for …