we have done the research on the influence of debt financing on corporate investment Based on political relations perspective. The results show that the impact of debt financing on corporate investment from the politi...we have done the research on the influence of debt financing on corporate investment Based on political relations perspective. The results show that the impact of debt financing on corporate investment from the political perspective and confirmed debt financing is more easily lead to inefficient investment under the influence of political relations.展开更多
ACCORDING to a report in the Financial Times,European countries and enterprises that are teetering on the edge of a debt crisis are looking to China for investment.While the European debt crisis has eroded the value o...ACCORDING to a report in the Financial Times,European countries and enterprises that are teetering on the edge of a debt crisis are looking to China for investment.While the European debt crisis has eroded the value of the euro,falling asset prices have attracted the interest of foreign companies,including Chinese enterprises.展开更多
Base on panel data of manufacturing and high-tech industry companies which discoursed R & D expenditure in financial statements from 2004 to 2011, this paper studies the relationship between debt financing and corpor...Base on panel data of manufacturing and high-tech industry companies which discoursed R & D expenditure in financial statements from 2004 to 2011, this paper studies the relationship between debt financing and corporate R & D expenditure under different grow opportunities by using the robust fixed effects that Daniel Hoechle proposed m 2007. The results show that there is not a "increasing first, decreasing later" non-linear relationship but a "double negative" relationship between debt level and corporate R & D expenditure. And the "double negative" relationship has a different mechanism in different growth companies.展开更多
The Republic of Serbia is characterized by an unsatisfactory macroeconomic environment. Under the conditions of an evident shortage of liquid assets, the financial capital has moved from real to the financial sector, ...The Republic of Serbia is characterized by an unsatisfactory macroeconomic environment. Under the conditions of an evident shortage of liquid assets, the financial capital has moved from real to the financial sector, which led companies to over-indebtedness and shutdown of their own capacities. Therefore, capital investments largely depend on internal financing sources and the ability of companies to internally generate funds for investments. In this regard, an emphasis is placed on the difference in the assessment of the company's investment capacity based on internal financing sources, which are measured using static and dynamic indicators in order to prove the necessity of applying dynamic coefficients, which are unfortunately not present in our domestic practice. The paper examines and proves the advantages of the use of the dynamic approach for such analyses using the example of energy sector, which is one of the most important branches in Serbian economy.展开更多
Investment helps companies achieve innovation. Efficient investments often do more with less. Manufacturing enterprises should pay more attention to the issue of investment efficiency, seize investment opportunities a...Investment helps companies achieve innovation. Efficient investments often do more with less. Manufacturing enterprises should pay more attention to the issue of investment efficiency, seize investment opportunities and achieve efficient investment. Due to the continuous increase of borrowing costs in the financial markets, enterprises are getting more and more difficult to raise funds from the outside, so more and more enterprises are turning their attention to the financially redundant resources within the enterprises. Making good use of financially redundant resources will help enterprises solve the financing difficulties and enable them to have sufficient funds for investment activities and lay the foundation for sustainable development.展开更多
文摘we have done the research on the influence of debt financing on corporate investment Based on political relations perspective. The results show that the impact of debt financing on corporate investment from the political perspective and confirmed debt financing is more easily lead to inefficient investment under the influence of political relations.
文摘ACCORDING to a report in the Financial Times,European countries and enterprises that are teetering on the edge of a debt crisis are looking to China for investment.While the European debt crisis has eroded the value of the euro,falling asset prices have attracted the interest of foreign companies,including Chinese enterprises.
文摘Base on panel data of manufacturing and high-tech industry companies which discoursed R & D expenditure in financial statements from 2004 to 2011, this paper studies the relationship between debt financing and corporate R & D expenditure under different grow opportunities by using the robust fixed effects that Daniel Hoechle proposed m 2007. The results show that there is not a "increasing first, decreasing later" non-linear relationship but a "double negative" relationship between debt level and corporate R & D expenditure. And the "double negative" relationship has a different mechanism in different growth companies.
文摘The Republic of Serbia is characterized by an unsatisfactory macroeconomic environment. Under the conditions of an evident shortage of liquid assets, the financial capital has moved from real to the financial sector, which led companies to over-indebtedness and shutdown of their own capacities. Therefore, capital investments largely depend on internal financing sources and the ability of companies to internally generate funds for investments. In this regard, an emphasis is placed on the difference in the assessment of the company's investment capacity based on internal financing sources, which are measured using static and dynamic indicators in order to prove the necessity of applying dynamic coefficients, which are unfortunately not present in our domestic practice. The paper examines and proves the advantages of the use of the dynamic approach for such analyses using the example of energy sector, which is one of the most important branches in Serbian economy.
文摘Investment helps companies achieve innovation. Efficient investments often do more with less. Manufacturing enterprises should pay more attention to the issue of investment efficiency, seize investment opportunities and achieve efficient investment. Due to the continuous increase of borrowing costs in the financial markets, enterprises are getting more and more difficult to raise funds from the outside, so more and more enterprises are turning their attention to the financially redundant resources within the enterprises. Making good use of financially redundant resources will help enterprises solve the financing difficulties and enable them to have sufficient funds for investment activities and lay the foundation for sustainable development.