The governance Effect of Heterogeneous Debts on Over-investment: Evidence from China
作者：Ying Qiu
摘要：This paper sets out to observe the governance effect of the heterogeneous debts on the overinvestment behavior by Chinese companies.On this basis,the authors examined the different relationships between heterogeneous debts and over-investment.The study results indicate that various types of debt have different governance effect on over-investment.Trade credit can curb over-investment effectively and bank loans may exacerbate over-investment.
發文機構：School of English for International Business
關鍵詞：OVER-INVESTMENTTradecreditBankloans
分類號： G23
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