Does China overinvest? Evidence from a panel of Chinese firms.
This paper addresses the hotly-debated question: do Chinese firms overinvest? A firm-level dataset of 100,000 firms over the period of 2000-07 is employed for this purpose. We initially calculate measures of investment efficiency, which is typically negatively associated with overinvestment. Desp...
| Hlavní autoři: | , , |
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| Médium: | Working paper |
| Jazyk: | English |
| Vydáno: |
Department of Economics (University of Oxford)
2010
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