2) financing constraint
融资约束
1.
The results show that:(1) the degree of the financing constraints can not be mirrored by the investment-cash flow sensitivity in the listed firms,which disagrees with the opinions from some Chinese researchers in this field;(2) the sensitivity is positively correlated with the profit earning power but negatively with the repaying debt .
结果表明:投资-现金流敏感度不能反映公司的融资约束程度,这与一些国内学者的观点不一致;上市公司的投资-现金流敏感度与其盈利能力显著正相关,与其偿债能力显著负相关;民营上市公司的投资-现金流敏感度低于国有上市公司,但其盈利能力也显著低于国有上市公司。
2.
In this paper, the research results with regard to the existence and the originations of the investment cash flow sensitivity were reviewed basing on financing constraint theory of the asymmetric information and the agency costs hypothesis of the free cash flow.
文中基于信息不对称下的融资约束理论与自由现金流的代理成本假说,回顾了关于投资现金流敏感性存在及其根源的国内外相关研究成果,梳理了该领域的研究脉络,并对主要结论进行了总结与评论。
3) financial constraint
融资约束
1.
Financial constraints hypothesis based on the cash flow sensitivity of cash Both is tested by some researchers, but their opinions are different each other.
章晓霞和吴冲锋(管理评论,2006年第10期)以及李金等(管理评论,2007年第3期)从现金-现金流敏感性角度检验了融资约束假说,并未得出一致结论。
2.
Based on agency theory,the paper investigates the relationship between ownership structure and financial constraint level of listed companies in Chinese group corporation.
本文从大股东代理问题角度入手,分析了我国企业集团控股股东股权结构与上市公司融资约束水平之间的关系。
4) financial constraints
融资约束
1.
The auther analyzed financial constraints on China s business investment in industrial sector employing panel data GMM method.
文章利用工业企业1997—2004年的面板数据,对中国工业企业投资中的融资约束问题进行了研究,发现中国企业中年轻企业或非国有企业都存在融资约束。
2.
In order to test the hypothesis carefully,the paper also studies different sub-sample in terms of financial constraints,growth opportunities,nature.
为了更具体地检验假设,对融资约束、成长机会、控制权性质(国有控股或非国有控股)、企业所在地的市场化程度这几个方面进行了分层研究。
3.
The financial market and the firm business investment are positively related, which is supported by both the Tobin Q theory and the financial constraints theory.
金融市场与企业投资行为之间存在着正向关系 ,无论是Q理论还是融资约束理论都支持这一观点。
5) financing constraints
融资约束
1.
Financing Constraints, Uncertainty and Corporate Investment Behavior;
融资约束、不确定性与公司投资行为研究
2.
The Study on the Relationship between Capital Market and the Financing Constraints of High-Tech SMEs;
资本市场与科技型中小企业融资约束关系研究
3.
The Research on the Relationship of Financing Constraints and the Sensitivity of the Debt Financing-internal Cash Flow about Chinese Listed Companies;
中国上市公司融资约束与债务融资—内部现金流量敏感性的关系研究
6) financing restriction
融资约束
1.
Taking cash dividend,equity nature as the standard of financing restrictions,financing restriction and investment-cash flow sensitivity change in the same direction.
以现金红利、股权性质作为融资约束的标准时,融资约束和投资—现金敏感性同向变动。
2.
There are many reasons that cause the inefficient investments of corporations,we mainly analyze the impact of imperfect market on the investment decisions of corporations from three angles which are principal-agent conflict,asymmetry of information and financing restriction.
引起非效率投资的原因有很多,本文主要从委托代理、信息不对称和融资约束3个角度来系统分析市场不完全性对企业投资决策的影响。
补充资料：森林资源(见世界森林资源、中国森林资源)
森林资源(见世界森林资源、中国森林资源)
forest resources
sen Iin ziyuon森林资源(forest resources)见世界森林资源、中国森林资源。
说明：补充资料仅用于学习参考，请勿用于其它任何用途。
参考词条