Khan, Muhammad Kaleem; He, Ying; Kaleem, Ahmad; Akram, Umair - In: Journal of business economics and management 19 (2018) 1, pp. 176-191
The study investigates the role of financial development in boosting the investment efficiency of firms' investments in … China. Using a large sample of firm-level financial data and country level economic data over the period 2004-2015, present … concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more …