【作者单位】Capital U Economics and Business, Beijing; Capital U Economics and Business, Beijing; Peking U
【年份】2012
【卷号】Vol.47No.7
【页码】113-126
【关键词】Firm Firm Value Firms Investment Overinvestment State Owned
【摘要】 Based on financing constrained theory, this paper tests the effect of environment uncertainty on the investment efficiency. Results show that environment uncertainty is positively related with investment deviation. The state-owned companies are assoc...
