Choi, Hyunjung - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-10
level of industry competition within the South Korean capital market. A model obtained from the literature was employed to … test the hypothesis. When industry competition is low, the quantitative adequacy of internal control staff increases the … overinvestment is high. However, this is not the case when industry competition is fierce. Qualitative adequacy of internal control …