A balancing act: managing financial constraints and agency costs to minimize investment inefficiency in the Chinese market

Guariglia, A. and Yang, J. (2016) A balancing act: managing financial constraints and agency costs to minimize investment inefficiency in the Chinese market. Journal of Corporate Finance, 36. pp. 111-130. ISSN 1872-6313

Abstract

Metadata

Authors/Creators:
  • Guariglia, A.
  • Yang, J.
Copyright, Publisher and Additional Information: © 2016 Elsevier B.V. This is an author produced version of a paper subsequently published in Journal of Corporate Finance. Uploaded in accordance with the publisher's self-archiving policy. Article available under the terms of the CC-BY-NC-ND licence (https://creativecommons.org/licenses/by-nc-nd/4.0/)
Keywords: Under-investment; Over-investment; Free cash flow; Financial constraints; Agency costs; China
Dates:
  • February 2016
Institution: The University of Sheffield
Academic Units: The University of Sheffield > Faculty of Social Sciences (Sheffield) > Sheffield University Management School
Depositing User: Symplectic Sheffield
Date Deposited: 07 Dec 2015 16:08
Last Modified: 20 Oct 2018 00:38
Published Version: http://dx.doi.org/10.1016/j.jcorpfin.2015.10.006
Status: Published
Publisher: Elsevier
Refereed: Yes
Identification Number: https://doi.org/10.1016/j.jcorpfin.2015.10.006

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