Do firms care about investment opportunities? Evidence from China
What drives a firm's investment decisions in China? While most literature focuses on the role of financial factors (such as cash flow), we explore this most important question in corporate finance from the perspective of economic fundamentals. Using a large number of proxies for investment oppo...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Elsevier B.V.
2018
|
| Subjects: | |
| Online Access: | View Fulltext in Publisher |