Cash flow, debt and the investment of Chinese listed companies —a theoretical and empirical analysis

2009 ◽  
Author(s):  
Zhi Wang
Keyword(s):  
Empirical Analysis ◽  
Cash Flow ◽  
Listed Companies ◽  
Chinese Listed Companies

Research on Excessive Investment with DEA Analysis for Chinese Listed Companies

2011 ◽  
Vol 225-226 ◽  
pp. 1208-1211 ◽  
Author(s):  
Jing Long ◽  
Yan Xi Li
Keyword(s):  
Cash Flow ◽  
Capital Market ◽  
Growth Function ◽  
Listed Companies ◽  
Flow Sensitivity ◽  
Chinese Listed Companies ◽  
Cash Flow Sensitivity ◽  
Dea Analysis ◽  
Dea Method ◽  
Q Values

This paper measured level of corporate over-investment with DEA method. In this paper, the empirical research tested the excessive levels of investment in listed companies. Studies have been shown by investment-cash flow sensitivity and growth function in metrics when excessive levels of investment in listed companies in China. Tobin Q values are not objective enough in China's capital market, while DEA method can be more scientific measure of Chinese listed companies for the level of over-investment.

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