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,...

In developed markets, the connection between financial reporting quality (FRQ) and enhanced investment efficiency is well-documented. However, it remains uncertain whether this relationship holds true in emerging, frontier, and various other markets. This research probes into this relationship...