Ownership structure, financing constraints and inefficient investment: empirical analyses of Chinese data
October 2021 - Vol 15 Num. 10
Using the data of A-share listed companies in Shanghai and Shenzhen stock exchanges from 2008 to 2017, this paper empirically tests the moderating role of ownership structure between financing constraints and inefficient investment. The study found that rational use of the moderating effect of ownership structure is of...
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Ownership structure, financing constraints and inefficient investment: empirical analyses of Chinese data
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