International Conference on Engineering and Business Management (EBM 2010 PAPERBACK)

Chengdu,China,China,3.24-3.26,2010

ISBN: 978-1-935068-05-1 Scientific Research Publishing, USA

Paperback 6066pp Pub. Date: March 2010

Category: Engineering

Price: $280

Title: Investment-Cash Flow Sensitivities: Empirical Evidence from Chinese Family Controlled Listed
Source: International Conference on Engineering and Business Management (EBM 2010 PAPERBACK) (pp 1429-1434)
Author(s): Changhai ZHANG, Management School, Hainan University, Haikou, China, 570228
Huoliu HU, Management School, Hainan University, Haikou, China, 570228
Shunxiang WU, Management School, Hainan University, Haikou, China, 570228
Abstract: Abstract: On the basis of the analysis of the drawbacks of current research method of investment-cash flow sensitivity, we tested whether there are investment-cash flow sensitivity in the family firms and the causes if it is. We found investment of family firms depended heavily on the internal cash flow and the investment-cash flow sensitivity in family firms is mainly due to the financing constraints of family firms. Therefore, solving financing problems of family firms from the constitution is the primary measure to promote its development.
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