Publication in refereed journal
香港中文大学研究人员 ( 现职)
| 林晨教授 (金融学系) |
全文
| 数位物件识别号 (DOI) http://dx.doi.org/10.1016/j.jimonfin.2012.06.002 |
引用次数
Web of Sciencehttp://aims.cuhk.edu.hk/converis/portal/Publication/0WOS source URL
其它资讯
摘要Building on the important study by Beck et al. (2http://aims.cuhk.edu.hk/converis/portal/Publication/0http://aims.cuhk.edu.hk/converis/portal/Publication/05), we examine how government intervention in firms' decision-making is related to their investment and sales growth. Using the unique World Bank dataset (WBES) covering 65http://aims.cuhk.edu.hk/converis/portal/Publication/0http://aims.cuhk.edu.hk/converis/portal/Publication/0 firms in 7http://aims.cuhk.edu.hk/converis/portal/Publication/0 countries, we find strong evidence that the extent of government intervention in firms' investment, employment, sales, pricing, dividend, and merger and acquisition decisions is negatively related to their investment and sales growth, with the effect being more profound in foreign owned firms and less significant in state-owned firms. The empirical results are robust to a series of robustness tests and instrumental variable regressions. (C) 2http://aims.cuhk.edu.hk/converis/portal/Publication/012 Elsevier Ltd. All rights reserved.
着者Lin C, Wong SML
期刊名称Journal of International Money and Finance
出版年份2http://aims.cuhk.edu.hk/converis/portal/Publication/013
月份2
日期1
卷号32
出版社Elsevier
页次637 - 653
国际标準期刊号http://aims.cuhk.edu.hk/converis/portal/Publication/0261-56http://aims.cuhk.edu.hk/converis/portal/Publication/06
电子国际标準期刊号1873-http://aims.cuhk.edu.hk/converis/portal/Publication/0639
语言英式英语
关键词Firm investment; Government intervention; International evidence
Web of Science 学科类别Business & Economics; Business, Finance
