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Spatial Spillover Effect of Financial Flexibility on Investment in China’s Convention and Exhibition Listed Companies
المؤلفون المشاركون
Liu, Xiaoqun
Yu, Liuchun
Zhang, Yuchen
Chao, Youcong
المصدر
Mathematical Problems in Engineering
العدد
المجلد 2020، العدد 2020 (31 ديسمبر/كانون الأول 2020)، ص ص. 1-10، 10ص.
الناشر
Hindawi Publishing Corporation
تاريخ النشر
2020-10-19
دولة النشر
مصر
عدد الصفحات
10
التخصصات الرئيسية
الملخص EN
Financial flexibility is an important research issue in corporate finance.
This paper utilizes the Spatial Durbin Model (SDM) to analyze the impact of financial flexibility on the investment of Convention and Exhibition companies listed on the New Third Board from 2014 to 2016.
The empirical results show the following.
Firstly, the greater the financial flexibility, the more investment the firm will make.
Secondly, the enhancement in financial flexibility would lead to an increase in investment of companies in the Convention and Exhibition industry in the local provinces, indicating that the financial flexibility has a significant positive intraregional spatial spillover effect on investment.
On the other hand, financial flexibility has spatial spillover effects, and its rise will reduce the investment in other provinces, which could be explained by the competition effect between enterprises.
Overall, we have further elucidated the role of different levels of financial flexibility on the investment of the Convention and Exhibition listed enterprises from the spatial dimension, thereby enriching the existing research on corporate financial flexibility and corporate value to some certain extent.
نمط استشهاد جمعية علماء النفس الأمريكية (APA)
Liu, Xiaoqun& Yu, Liuchun& Zhang, Yuchen& Chao, Youcong. 2020. Spatial Spillover Effect of Financial Flexibility on Investment in China’s Convention and Exhibition Listed Companies. Mathematical Problems in Engineering،Vol. 2020, no. 2020, pp.1-10.
https://search.emarefa.net/detail/BIM-1194743
نمط استشهاد الجمعية الأمريكية للغات الحديثة (MLA)
Liu, Xiaoqun…[et al.]. Spatial Spillover Effect of Financial Flexibility on Investment in China’s Convention and Exhibition Listed Companies. Mathematical Problems in Engineering No. 2020 (2020), pp.1-10.
https://search.emarefa.net/detail/BIM-1194743
نمط استشهاد الجمعية الطبية الأمريكية (AMA)
Liu, Xiaoqun& Yu, Liuchun& Zhang, Yuchen& Chao, Youcong. Spatial Spillover Effect of Financial Flexibility on Investment in China’s Convention and Exhibition Listed Companies. Mathematical Problems in Engineering. 2020. Vol. 2020, no. 2020, pp.1-10.
https://search.emarefa.net/detail/BIM-1194743
نوع البيانات
مقالات
لغة النص
الإنجليزية
الملاحظات
Includes bibliographical references
رقم السجل
BIM-1194743
قاعدة معامل التأثير والاستشهادات المرجعية العربي "ارسيف Arcif"
أضخم قاعدة بيانات عربية للاستشهادات المرجعية للمجلات العلمية المحكمة الصادرة في العالم العربي
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