Investment and financing constraints in China: does working capital management make a difference?
We use a panel of over 120,000 Chinese firms of different ownership types over the period 2000-2007 to analyze the linkages between investment in fixed and working capital and financing constraints. We find that those firms characterized by high working capital display high sensitivities of investm...
| Автори: | , , |
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| Формат: | Working paper |
| Мова: | English |
| Опубліковано: |
Department of Economics (University of Oxford)
2010
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