tailieunhanh - Investor protections, financial development and corporate investment efficiency

This paper theoretically and empirically investigates the micro-mechanism and economic consequences of legal protections of investor rights and financial development regulating firm inefficient investment based on a broad cross-sectional sample of 8548 firm-year observations of companies listed on Shanghai and Shenzhen stock exchanges in China over the period 2003 to 2011. | Investor protections, financial development and corporate investment efficiency