Empirical Study on Influence Factors of the Investment Cash-flow: Evidence from Chinese Listed Companies

2010 ◽  
Author(s):  
Qingchun Lu ◽  
Xiaoguang Lu
Keyword(s):  
Empirical Study ◽  
Cash Flow ◽  
Influence Factors ◽  
Listed Companies ◽  
Chinese Listed Companies

scholarly journals Capital budgeting practices: an empirical study of listed small en medium enterprises

2016 ◽  
Vol 13 (3) ◽  
pp. 199-208 ◽  
Author(s):  
John H. Hall ◽  
Thabani Sibanda
Keyword(s):  
Empirical Study ◽  
South African ◽  
Cash Flow ◽  
Capital Budgeting ◽  
Listed Companies ◽  
Discounted Cash Flow ◽  
Medium Enterprises ◽  
Flow Techniques

There have been many studies on the capital budgeting practices of large listed companies, but relatively little research has been undertaken on the capital budgeting practices of small listed companies. The main purpose of this study was therefore to analyse the capital budgeting practices of small and medium South African listed companies and to compare their capital budgeting practices to the capital budgeting practices of large listed companies. The results of the study indicate that the primary capital budgeting techniques employed by small listed companies are based on the IRR and the NPV, resembling the practices used by larger companies. Furthermore, the use of discounted cash flow techniques amongst small listed companies had increased over the last decade.

scholarly journals Credit Expansion, Free Cash Flow and Enterprise Investment: An Empirical Study Based on Listed Companies in China

2017 ◽  
Vol 9 (9) ◽  
pp. 70 ◽  
Author(s):  
Nan Zhou ◽  
Wai Yan Shum ◽  
Sze Nam Chan ◽  
Fujun Lai
Keyword(s):  
Empirical Study ◽  
Cash Flow ◽  
Measurement Method ◽  
Listed Companies ◽  
Free Cash Flow ◽  
Credit Expansion ◽  
Empirical Results ◽  
Enterprise Investment

By using the data of 936 listed companies from 2009 to 2014 in China, we use GMM method to empirically investigate whether credit expansion and free cash flow connect with the investment in enterprises. We decompose the ineffective investment into over-investment and insufficient-investment by drawing up Richardson’s over-investment measurement method. The empirical results find that credit expansion and free cash flow promote corporate new investment and over-investment, which is also confirmed by the robustness test.

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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