Financial market imperfections and sensitivity of cash holdings to R&D investment : evidence from Chinese listed firms
Year of publication: |
2023
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Authors: | Liu, Duan ; Wang, Chen ; Zhang, Hui ; Yao, Shujie ; Li, Zixin |
Published in: |
Research in international business and finance. - Amsterdam [u.a.] : Elsevier, ISSN 0275-5319, ZDB-ID 424514-3. - Vol. 66.2023, p. 1-19
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Subject: | Cash-R&D sensitivity | Chinese listed firms | External financing facilitation channel (EFFC) | Financial market imperfection | China | Finanzmarkt | Financial market | Aktiengesellschaft | Listed company | Unvollkommener Markt | Incomplete market | Unternehmensfinanzierung | Corporate finance | Kapitalstruktur | Capital structure | Liquiditätsbeschränkung | Liquidity constraint | Betriebliche Liquidität | Corporate liquidity |
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