Research on Effect of Financial Factors on Corporate Investment

被引：0

作者：

Qing Xiaocheng ^{[1
]}

Zeng Yong ^{[1
]}

机构：

[1] Univ Elect Sci & Technol China, Sch Management & Econ, Chengdu 610054, Peoples R China

来源：

PROCEEDINGS OF THE 15TH INTERNATIONAL CONFERENCE ON INDUSTRIAL ENGINEERING AND ENGINEERING MANAGEMENT, VOLS A-C | 2008年

关键词：

Investment; Internal Fund; Short - debt Finance; Long - debt Finance; Equity Finance;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

In this paper, the relationship between investment and financing of Chinese listed companies is studied and the hypothesis of financing preferences is tested based on neoclassical investment model. The results show that the equity finance, short - debt finance and long - debt finance have significant impacts on the firms' investment scales. Among the various financing approaches, debt finance has the most significant impact on investment. Internal fund finance ranks the second, and the last one is equity finance. Furthermore, the relationship between investment and financing differs depending on the ownership structure.

引用

页码：987 / 995

页数：9

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