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請使用永久網址來引用或連結此文件:
https://irlib.pccu.edu.tw/handle/987654321/48765
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| 題名: | The Impact of Political Connection and Information Asymmetry on Investment Efficiency: Evidence from China |
| 作者: | Yu, HF (Yu, Hui-Fun)
Lin, TJ (Lin, Tsui-Jung)
Chang, HY (Chang, Hai-Yen)
Wang, YH (Wang, Yu-Huai) |
| 貢獻者: | 財金系 |
| 關鍵詞: | political connection
information asymmetry
investment efficiency
China |
| 日期: | 2020-07 |
| 上傳時間: | 2020-10-30 14:52:04 (UTC+8) |
| 摘要: | This study investigates the impact of political connection and information asymmetry on the investment efficiency of firms in China. This paper employs a panel data regression analysis on a dataset comprising 4307 observations for listed companies from 2008 to 2015. The results indicate that if taken alone, neither political connection nor information asymmetry affects firms' investment efficiency. However, the interactive effect of both political connection and information asymmetry significantly reduces firms' investment efficiency. The results of this study help investors understand the forces that lead the Chinese firms to deviate from optimal investment decisions. |
| 關聯: | SUSTAINABILITY 卷冊: 12 期: 14 文獻號碼: 5607 |
| 顯示於類別: | [財務金融學系 ] 期刊論文
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