While firms regularly reduce workforce following sharp performance decline, diversified may abstain from employment downsizing by transferring capital and labor between segments (the allocative flexibility effect). However, be more likely if a shock leads to efforts inefficiency in resource allocation inefficient internal market Using large cross-country dataset, our results provide strong supp...

The New Zealand Superannuation Fund (NZSF) is in the process of deciding upon the allocation of its portfolio, across asset types and countries. In response to this, the New Zealand Stock Exchange (NZX, 2003) has argued that a minimum of 20% of the NZSF portfolio should be invested into New Zealand equities. This paper has examined the arguments presented by the NZX. These arguments, and my res...

China has put forward the policy direction of domestic market integration in response to volatile and international political economic environment. Meanwhile, enterprise export diversification is becoming research frontier new trade theory (NTT). In order make on factors affecting or determining contemporary context, this paper links trend with diversification, constructs a fixed-effects regres...

Objective –This study intends to examine the relationship between investment efficiency and financial information excellence. The study is also examining the moderating impact of sustainability on the relation between excellence in financial information and investment productivity. Methodology –The cumulative measurements are 668 firm-years and are made up of 257 subsamples of underinvestment a...