Ying, Qianwei; Luo, Danglun; Wu, Lifan - In: The International Journal of Business and Finance Research 7 (2013) 2, pp. 43-52
The paper investigates the relationship between bank credit lines and firms’ overinvestment for Chinese listed companies from 2001 to 2008. We find significant impacts of bank credit lines on firm overinvestment activities. Further, we find that overinvestment is mainly made by...
