Ownership Concentration, Financial Leverage and Inefficient Investment-evidence from Chinese A-share Market

  • Xinyuan Z
  • Nan B
  • Yufei Z
N/ACitations
Citations of this article
14Readers
Mendeley users who have this article in their library.

Abstract

This paper analyzes the data from Chinese A-share market during 2 years from 2014 to 2015. Basing on 2297 listed firms, we use theoretical analysis and empirical analysis to explore and validate the relationship between ownership concentration, financial leverage and the company's inefficient investment behavior. The result shows that in Chinese A-share market, financial leverage can effectively inhibit the company's inefficient investment behavior; the concentration of equity will effectively inhibit the company's inefficient investment behavior.

Cite

CITATION STYLE

APA

Xinyuan, Z., Nan, B., & Yufei, Z. (2017). Ownership Concentration, Financial Leverage and Inefficient Investment-evidence from Chinese A-share Market. Applied Finance and Accounting, 3(2), 70. https://doi.org/10.11114/afa.v3i2.2478

Register to see more suggestions

Mendeley helps you to discover research relevant for your work.

Already have an account?

Save time finding and organizing research with Mendeley

Sign up for free