id	author	title	date	pages	extension	mime	words	sentence	flesch	summary	cache	txt
fbem-12580	Wei, Zheng	Equity Concentration and Investment Efficiency	2023	8	.pdf	application/pdf	5445	257	34	Empirical results and analysis of equity concentration on inefficient investment The results of the OLS multiple regression model (Model 2) for equity concentration and investment efficiency are presented in Table 4.Looking at the regression results for the full sample, the coefficient of equity concentration on the absolute value of non-efficiency investment is 0.0121, and it is significant at the 1% level. The mean of non-efficiency investment is 0.0314, indicating a relatively severe overinvestment phenomenon among listed companies.	cache/fbem-12580.pdf	txt/fbem-12580.txt