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This paper examines whether foreign institutional investors’ investment horizon affects investment efficiency across 17 emerging markets. Using a sample of 10,360 firms, we find that long-term foreign institutional investors are associated with an enhancement in investment efficiency,...
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This research study examines the mediating role of cash holdings between the economic policy uncertainty (EPU) and corporate leverage relationship. Using stepwise regression analysis and annual firm-level data of 2,534 U.S. firms listed at NYSE over 1995-2018, we provide novel evidence that cash...
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