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State-ownership and financial constraints on investment of Chinese-listed firms: new evidence
16 references·15 citing·31 second hop
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(1980)Firms, Contracts, and Financial Structure (1995)A Survey of Corporate Governance (1997)The theory and practice of corporate finance: evidence from the field (2001)Agency Costs of Free Cash Flow, Corporate Finance, and Takeovers (1986)The Financial Accelerator in a Quantitative Business Cycle Framework (1998)Managing with Style: The Effect of Managers on Firm Policies (2003)New Evidence on Measuring Financial Constraints: Moving Beyond the KZ Index (2010)DISTRIBUTION OF INCOMES OF CORPORATIONS AMONG DIVIDENDS, RETAINED EARNINGS AND TAXES (1956)The Pricing of Options and Corporate Liabilities (1973)Law and Finance (1998)Biases in Dynamic Models with Fixed Effects (1981)Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations (1991)Another look at the instrumental variable estimation of error-components models (1995)Econometric Analysis of Cross Section and Panel Data (2001)The Market for "Lemons": Quality Uncertainty and the Market Mechanism (1970)Determinants of corporate borrowing (1977)The Capital Structure Puzzle (1984)Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature (2001)Threshold effects in non-dynamic panels: Estimation, testing, and inference (1999)How to do Xtabond2: An Introduction to Difference and System GMM in Stata (2007)Financing Innovation and Growth: Cash Flow, External Equity, and the 1990s R&D Boom (2009)Does Corporate Social Responsibility Affect the Cost of Capital? 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this work references cited by second hop

References

  • 1998Initial conditions and moment restrictions in dynamic panel data models22,547 cited
  • 1984Corporate financing and investment decisions when firms have information that investors do not have18,936 cited
  • 1995Initial conditions and moment restrictions in dynamic panel data models14,749 cited
  • 1958The Cost of Capital, Corporation Finance and the Theory of Investment14,494 cited
  • 1981Credit Rationing in Markets with Imperfect Information12,762 cited
  • 2009How to do Xtabond2: An Introduction to Difference and System GMM in Stata9,826 cited
  • 1997Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints?6,790 cited
  • 1988The Determinants of Capital Structure Choice6,108 cited
  • 2004A finite sample correction for the variance of linear efficient two-step GMM estimators5,973 cited
  • 1988Financing Constraints and Corporate Investment5,566 cited
  • 1987Financing Constraints and Corporate Investment4,354 cited
  • 1994Politicians and Firms3,440 cited
  • 1980Optimal capital structure under corporate and personal taxation2,906 cited
  • 1991Corporate Structure, Liquidity, and Investment: Evidence from Japanese Industrial Groups2,361 cited
  • 1992Debt, Liquidity Constraints, and Corporate Investment: Evidence from Panel Data

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1,686 cited
  • 2001Financial Constraints and Stock Returns1,409 cited
  • Cited by

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    • 2016Adjustment behavior of corporate cash holdings: the China experience41 cited
    • 2019Does Bank Competition Alleviate Financing Constraints in China? Further Evidence From Listed Firms38 cited
    • 2018Independent director connectedness in China: An examination of the trade credit financing hypothesis34 cited
    • 2020Impact of managerial ownership on investment and liquidity constraints: Evidence from Chinese listed companies31 cited
    • 2023The Communist Party of China embedded in corporate governance and enterprise value: Evidence from state-owned enterprises31 cited
    • 2018Capital Structure Decisions and Corporate Performance: Evidence from Chinese Listed Industrial Firms25 cited
    • 2023Financial condition, working capital policy and profitability: evidence from Indian companies24 cited
    • 2022Does Financial Constraint Hinder Firm Growth?21 cited
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    • 2018State ownership and firm profitability in emerging markets19 cited
    • 2024Environmental regulation, academic top managers and green innovation: Evidence from China15 cited