Item Details

Investigating the Relationship Between Firm Investment Sensitivity and Financing Constraints With a Distinctive Chinese Firm Data Set

Chen, Siyuan
Format
Thesis/Dissertation; Online
Author
Chen, Siyuan
Advisor
Chen, Zhaohui
Abstract
This paper demonstrates the non-monotonic relationship between firm investment-cash flow sensitivity and financial constraint by investigating a moderating variable to this relationship. Through a distinctive Chinese firm dataset, this paper suggests the investment in Chinese real estate as an example that moderates the relationship between investment-cash flow sensitivity and financial constraint. The result confirms a non-monotonic relationship between investment-cash flow sensitivity and financial constraint and encourages further investigation into the presence and the endogeneity of moderating variables between the aforementioned relationships.
Language
English
Date Received
20170603
Published
University of Virginia, McIntire School of Commerce, BSC (Bachelor of Science in Commerce), 2017
Published Date
2017-06-13
Degree
BSC (Bachelor of Science in Commerce)
Notes
Data and R codes available upon request
Collection
Libra ETD Repository
Logo for Creative Commons Attribution LicenseCreative Commons Attribution License

Availability

Read Online