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A study conducted by researchers from Cairo University explores the relationship between financial flexibility, investment efficiency, and board financial expertise in listed companies in Egypt. The study, based on 592 sample observations from 2014 to 2021, found that a higher ratio of board financial experts decreases investment efficiency and moderates the relationship between financial flexibility and investment efficiency. The researchers suggest that maintaining financial flexibility while tightening internal controls can increase investment efficiency and support firm growth. The study was published in Investment Management and Financial Innovations. [Extracted from the article]