期刊文献+
共找到1篇文章
< 1 >
每页显示 20 50 100
Government integrity and corporate investment efficiency 被引量:4
1
作者 Jing Du Wanfu Li +1 位作者 Bin Lin Yu Wang 《China Journal of Accounting Research》 2018年第3期213-232,共20页
We explore the relation between government integrity and firms' investment efficiency in the context of China's deepening reforms and its strengthening the social credit system. We find that government integri... We explore the relation between government integrity and firms' investment efficiency in the context of China's deepening reforms and its strengthening the social credit system. We find that government integrity is positively associated with the investment efficiency of listed companies in China. Government integrity is negatively related to corporate underinvestment, but insignificantly related to corporate overinvestment. Higher government integrity reduces underinvestment in non-state-owned firms, but this relation is not significant in state-owned firms. Furthermore, we find that the negative relation between government integrity and underinvestment is only significant for firms in industries that receive supportive government policies. This study enriches research on corporate investment by adopting the perspective of government integrity, and supplements the literature on government integrity and its economic consequences. Our study also provides micro-level empirical evidence that strengthening government integrity will promote the economic transformation of China. 展开更多
关键词 Government integrity Investment efficiencty Types of share ownership Industrial policies’support
原文传递
上一页 1 下一页 到第
使用帮助 返回顶部