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The impact of financing structure on the firms' investment scale: Empirical evidence from a-share listed companies in China

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

With the 2814 data sampled from Shanghai Stock Exchange between 2004 and 2005 from 201 non-financial business enterprises, we categorize these samples from the point of corporate governance model, adopt linear multiple regression analysis method to study the relationship of finance structure and investment scale of Chinese listed companies on two different conditions, one condition is "shareholder and creditor co-governance" model while the other condition "shareholder-governance" model. At last, we draw out a conclusion that the relationships are different. Furthermore, after comparing impact factors comprehensively, we find out that under the two different governance models, a positive correlation relationship exist between finance structure and investment scale.

Original languageEnglish
Title of host publication2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE
Pages1175-1181
Number of pages7
DOIs
StatePublished - 2008
Externally publishedYes
Event2008 International Conference on Management Science and Engineering 15th Annual Conference, ICMSE - Long Beach, CA, United States
Duration: 10 Sep 200812 Sep 2008

Publication series

Name2008 International Conference on Management Science and Engineering 15th Annual Conference Proceedings, ICMSE

Conference

Conference2008 International Conference on Management Science and Engineering 15th Annual Conference, ICMSE
Country/TerritoryUnited States
CityLong Beach, CA
Period10/09/0812/09/08

Keywords

  • Chinese listed companies
  • Financing structure
  • Investment scale

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