Actually, by using the word 'conclusion', maybe I gave you the wrong message. Ofcourse, the report is very, very clear about the cause as "the Captain had continued with the faulty approach and landing, possibly due to incorrect assessment of his own ability to pull off a safe landing."
Direct cause stated in the report:
The Court of Inquiry determines that cause of this accident was the
Captain’s failure to discontinue the ‘unstabilised approach’ and his
persistence in continuing with the landing, despite three calls from the First
Officer to ‘go around’ and a number of warnings from EGPWS.
The point was that, even after touching down halfaway after a highly unstablised final approach, there was one last good chance that could have
averted the fatal overshoot plunging down the hill, that is, max manual braking plus detent reverse thrust all the way to a full stop. In no way does that justify not executing a go around.