<![CDATA[This study aims to examine the effects of financial reporting quality and debt maturity structure on investment efficiency, with institutional ownership serving as a moderating vairiable, among energy sector companies in Indonesia and Malaysia during the 2021-2025 period. The data were obtained from Refinitiv Eikon with a sample of 713 firm-year observations from 209 companies selected using purposive sampling. The data were analyzed using Moderated Regression Analysis (MRA) as proposed by Sharma et al. The results indicate the financial reporting quality has a positive and significant effect on investment efficiency. Furthemore, institutional ownership does not moderate the relationship between either financial reporting quality or debt maturity structure and investment efficiency. The comparative analysis also reveals that energy sector companies in Malaysia exhibit higher investment efficiency, better financial reporting quality and a greater proportion of short-term debt tha their counterparts in Indonesia while energy sector companies in Indonesia have a higher proportion of institutional ownership than those in Malaysia]]>
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