How market competition regulates the relationship between overinvestment and profitability?
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The industrial impact may play an important role in the relation between financial decisions and profitability at a certain level of competition. Thus, the study examines the role to indicate the effect of industry competition on the debt-profitability relationship. Furthermore, overinvestment is supposed to reduce profitability because it worsens agency problems between managers and shareholders.
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How market competition regulates the relationship between overinvestment and profitability?
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How market competition regulates the relationship between overinvestment and profitability?
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