How does financial reporting quality relate to investment efficiency?

Detail Only Available By: Biddle, Gary C.; Hilary, Gilles; Verdi, Rodrigo S.. Journal of Accounting & Economics, Dec2009, Vol. 48 Issue 2/3, p112-131, 20p; DOI: 10.1016/j.jacceco.2009.09.001 Subjects: FINANCIAL statements; CAPITAL investments; INDUSTRIAL efficiency; BUSINESS enterprises; MORAL hazard; ADVERSE selection (Commerce); BUSINESS records; PRODUCTION (Economic theory)