INVESTMENT CASH FLOW SENSITIVITY AND EFFECT OF MANAGERS’ OWNERSHIP: DIFFERENCE BETWEEN CENTRAL OWNED AND PRIVATE OWNED COMPANIES IN CHINA
Based on panel data of the listed companies in China’s stock market A during a period of year 2007-2010, we made an empirical study on what drives the investment cash flow sensitivity and the effect of management’s ownership and both their differences between the central state owned companies and t...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
EconJournals
2014-07-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | http://www.econjournals.com/index.php/ijefi/article/view/794/pdf |