An Empirical Research of Investment-cash Flow Sensitivity of Chinese Listed Companies on the background of financial crisis

摘要：

　　This paper uses the regressive distributed lag model empirical method to research the direct investment behavior of Chinese listed company during the period of financial crisis.The result reveals that the cash flow sensitivity fluctuation of Chinese listed company under the financial crisis period.The empirical results show that Chinese listed company in financial crisis weakened Investment-cash flow sensitivity.

关键词： financial crisis listed companies investment cash flow

作者: ZHU Xiaoxiao LU Qingchun

作者单位: School of Business,Hohai University,Jiangsu,China,211000

会议类型: 国际会议

会议名称: the 5th (2013)International Conference on Financial Risk and Corporate Finance Management(第五届(2013)金融风险与公司金融国际研讨会)

会议地点: 大连

会议语种:英文

页码: 88-93

在线出版日期: 2013-06-29（万方平台首次上网日期，不代表论文的发表时间）