Biddle, Gary C.; Hilary, Gilles; Verdi, Rodrigo S. - In: Journal of Accounting and Economics 48 (2009) 2-3, pp. 112-131
Prior evidence that higher-quality financial reporting improves capital investment efficiency leaves unaddressed whether it reduces over- or under-investment. This study provides evidence of both in documenting a conditional negative (positive) association between financial reporting quality and...
