Poncet, Sandra; Steingress, Walter; VANDENBUSSCHE, Hylke - Center for Operations Research and Econometrics (CORE), … - 2008
boost the investment of private firms.
Keywords: investment-cashflow sensitivity, China, firm level data, foreign direct … equation to evaluate the
magnitude of financial constraints in China. Sensitivity of investment to cash flow is
associated …
enterprises (SOE) and foreign firms do not experience any financial constraints. We
find that the sensitivity of private firms …