The study investigates the role of financial development in boosting the investment efficiency of firms' investments in … concludes that firms suffering from under- (over-) investment problem due to financing constraints (agency problem), are more … likely to increase (decrease) their investment' in the response of underlying financial development in the economy. This …

This study investigates whether economic policy uncertainty (EPU) magnifies peer effects in corporate investment in …' investment activities, we show that peer effects are stronger when EPU is higher. We also find that greater EPU lowers the …

Distortions in capital markets can create financial constraints that deter firms from pursuing optimal investment plans …. This paper explores how much these constraints affect investment by ownership type in China, using a panel data model … face greater financial constraints than state-owned enterprises (SOEs), as POE investment plans depend more on the …

This study investigates the effect of banks' dual holding on bank lending and firms' investment decisions using a … and harms the investment efficiency for SOEs, while resulting in optimal lending decisions and enhanced investment … efficiency for non-SOEs. For non-SOEs, further analysis suggests that optimal lending decisions and efficient investment can be …

We apply the Q-Theory investment model to a panel of high-tech firms listed on the Chinese stock market during 2008 and …

financing constraints of R&D investment or not. Finally, the paper further investigates the interaction of financial development … and firm characteristics (including firm size, ownership nature and establishment time) on the impact of R&D investment …. The results show that the degree of financing constraint is negatively correlated with R&D investment. Both the …

deduction for qualified angel and VC investment in China as a quasi-natural experiment. We find that the tax incentive increases … substitution between eligible and non-eligible investments. There is no evidence that the tax incentive lowers investment quality …

billion investment. The project is expected to bring about flood of opportunities not only for the two main players but other … nations which are found to be interested in making investment. The benefits seem to be game changer and expected to raise …

What drives a firm's investment decisions in China? While most literature focuses on the role of financial factors … fundamentals. Empirical results show that private firms cherish investment opportunities more in China. State-owned enterprises … respond more to the investment opportunities from the supply side, but much less so to demand-side shocks. These findings …

What drives a firm's investment decisions in China? While most literature focuses on the role of financial factors … fundamentals. Empirical results show that private firms cherish investment opportunities more in China. State-owned enterprises … respond more to the investment opportunities from the supply side, but much less so to demand-side shocks. These findings …