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,...

Purpose: This study examines the effects of foreign and domestic institutional investors on the value of excess cash holdings in the context of Pakistan where the institutional setting is broadly considered as non-friendly to outside shareholders due to family control....

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...