Interaction Between Incentive To Expropriate And Investment Opportunities As A Determinant Of Overinvestment Problem In Indonesia
The study investigates if the level of investment opportunities reduces the positive impact of expropriation incentive on the level of overinvestments. Under the condition of capital constraint, high incentive of controlling shareholders to expropriate firms’ wealth do not necessarily result in o...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Asian Academy of Management (AAM)
2016
|
| Subjects: | |
| Online Access: | http://eprints.usm.my/37434/1/aamjaf120116_04.pdf |