Choi, Hyunjung - In: International Journal of Financial Studies : open … 11 (2023) 4, pp. 1-10
This study investigates how a company's internal control team affects their investment decision making, considering the … test the hypothesis. When industry competition is low, the quantitative adequacy of internal control staff increases the … overinvestment is high. However, this is not the case when industry competition is fierce. Qualitative adequacy of internal control …