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This study examines the relations between leverage and investment in China's listed firms, where corporate debt is …-owned banks in China impose fewer restrictions on the capital expenditures of low growth and poorly performing firms and also …
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-SOEs to some extent. This paper documents how the financing behaviour of SOEs is more influenced by government intervention …, while the financing behaviour of non-SOEs is more market oriented …
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This study investigates the financing behavior of Chinese firms in tranquil and crisis situation over the period 2002 … noteworthy findings as this study incorporates firm and country-level factors. We find that the firms’ financing choice depends …
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