The governance Effect of Heterogeneous Debts on Over-investment: Evidence from China  

作　　者：Ying Qiu 

机构地区：[1]School of English for International Business,Guangdong University of Foreign Studies,Guangzhou 510420,China

出　　处：《Proceedings of Business and Economic Studies》2020年第2期15-18,共4页商业经济研究（百图）

摘　　要：This paper sets out to observe the governance effect of the heterogeneous debts on the overinvestment behavior by Chinese companies.On this basis,the authors examined the different relationships between heterogeneous debts and over-investment.The study results indicate that various types of debt have different governance effect on over-investment.Trade credit can curb over-investment effectively and bank loans may exacerbate over-investment.

关 键 词：OVER-INVESTMENT Trade credit Bank loans 

分 类 号：G23[文化科学]