Delgado-Domonkos, Layla; Zeng, Ai-Min - In: Borsa Istanbul Review 23 (2023) 4, pp. 779-803
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 … investment efficiency is especially pronounced in the over-investment problem. Furthermore, the mediation analysis reveals that …