concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more … that has the potential to balance the investment distortions by rectifying monitoring and financing deficiencies. …The study investigates the role of financial development in boosting the investment efficiency of firms' investments in …

Financing of and investing in R&D are prone to risks of appropriation by competitors and the problem of information … financing of and investing in R&D, we show that the effective enforcement at the local level is critical. We focus on the impact … of provincial level IP rights enforcement on the financing of and investing in R&D, using a unique and rich database of …

investigated the effects of returnee talent on firm investment efficiency (InvEff). The results show that 1) returnees improve …

This paper empirically investigates the relation between uncertainty and investment among China's listed companies, and … analyzes the influence of government control on the investment-uncertainty relation. We find that there is a negative relation … between total firm uncertainty and investment in China's listed companies. However, this holds only for privately controlled …

capital to units with better investment opportunities, state groups do the opposite, especially when part of the “national … discipline state groups' tendency to ignore investment opportunities. We trace capital allocation decisions to the objectives of …

capital to units with better investment opportunities, state groups do the opposite, especially when part of the “national … discipline state groups' tendency to ignore investment opportunities. We trace capital allocation decisions to the objectives of …

This paper uses the framework developed by Helwege and Liang (1996) to investigate the post-listing financing decisions …

In a sample of 485 Chinese public high-tech companies, we show that the R&D investment is significantly dependent on … credit and equity markets have large effects on reducing financing constraints. The effects are most significant in the …

on firms' capital investment. Using a value-maximising approach, we empirically model Chinese firms' fixed capital … investment recognising that this was a period of global instability caused by the Global Financial Crisis. Controlling for its …