Since 2014
Ownership Concentration, Financial Leverage and Inefficient Investment-evidence from Chinese A-share Market
Applied Finance and Accounting
View Archive Info| Field | Value | |
| Title |
Ownership Concentration, Financial Leverage and Inefficient Investment-evidence from Chinese A-share Market
|
|
| Creator |
Xinyuan, Zhang
Nan, Bao Yufei, Zhao |
|
| Description |
This paper analyzes the data from Chinese A-share market during 2 years from 2014 to 2015. Basing on 2297 listed firms, we use theoretical analysis and empirical analysis to explore and validate the relationship between ownership concentration, financial leverage and the company's inefficient investment behavior. The result shows that in Chinese A-share market, financial leverage can effectively inhibit the company's inefficient investment behavior; the concentration of equity will effectively inhibit the company's inefficient investment behavior.
|
|
| Publisher |
Redfame publishing
|
|
| Contributor |
—
|
|
| Date |
2017-07-14
|
|
| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion Peer-reviewed Article |
|
| Format |
application/pdf
|
|
| Identifier |
http://redfame.com/journal/index.php/afa/article/view/2478
10.11114/afa.v3i2.2478 |
|
| Source |
Applied Finance and Accounting; Vol 3, No 2 (2017); 70-75
2374-2429 2374-2410 |
|
| Language |
eng
|
|
| Relation |
http://redfame.com/journal/index.php/afa/article/view/2478/2672
|
|
| Rights |
Copyright (c) 2017 Applied Finance and Accounting
|
|