For a long time, China s impressive growth performance has been driven by investment and high productivity gains. Based on a discussion of possible overcapacities and overinvestment in China, this paper investigates t...
This paper studies the effect of earnings information quality and debt maturity structure and their interaction on investment efficiency. The results show that companies with higher earnings information have higher in...
financial support from National Natural Science Foundation of China–China(Approval No.71202030,and 71132004);the Fundamental Research Funds for the Central Universities–China
Using China's A-share listed firms from 2007 to 2011, this paper empirically tests how media governance affects firms' levels of overinvestment and whether external supervision and informal institutional mechanisms re...
supported by the Major Project of the National Natural Science Foundation of China(No.71032006);the GeneralProject of Ministry of the Education of Humanities and Social Science(No.11YJA790094);the General Project of the NationalNatural Science Foundation of China(No.71372150)
In this paper, we use A-share listed firms between 2002 and 2010 to investigate the relationship between local fiscal distress and the investment efficiency of local SOEs, along with the effect of corporate tax paymen...
This paper takes 2011-2013 Chinese A shares of listing Corporation as the object of study and researchs the problem between internal controls and overinvestment and tmderinvestment.Through this paper, the study find r...
The authors study the positive relationship existing between internal net worth and investment. This relationship has been interpreted in the financial literature as evidence showing that the management overinvests th...