Research on the Influence of Financial Slack on Investment --- Based on Empirical Analysis of China’s A-Share Listed Company in Manufacturing Industry

Jie Wang

Abstract


This paper studies, taking China’s A-share listed company in manufacturing industry as the object, how the investment is influenced by the financial slack and whether the influence is adjusted by the investment risk of new project. The conclusions are as follow: (1) The China’s A-share listed companies in manufacturing industry’ financial slack has a positive impact on the companies’ future investment. (2) Under the high-risk investment of project, financial slack has a positive effect on the companies’ future investment.

Full Text: PDF DOI: 10.5430/ijba.v5n4p52

Creative Commons License
This work is licensed under a Creative Commons Attribution 3.0 License.

International Journal of Business Administration
ISSN 1923-4007(Print) ISSN 1923-4015(Online)

 

Copyright © Sciedu Press

To make sure that you can receive messages from us, please add the 'Sciedu.ca' domain to your e-mail 'safe list'. If you do not receive e-mail in your 'inbox', check your 'bulk mail' or 'junk mail' folders.