Now showing items 1-3 of 3

  • Does China overinvest? Evidence from a panel of Chinese firms 

    Ding, Sai; Guariglia, Alessandra; Knight, John (University of GlasgowDurham UniversityUniversity of Oxford, 2010)
    This paper addresses the hotly-debated question: do Chinese firms overinvest? A firm-level dataset of 100,000 firms over the period of 2000-07 is employed for this purpose. We initially calculate measures of investment ...
  • Investment and financing constraints in China: does working capital management make a difference? 

    Ding, Sai; Guariglia, Alessandra; Knight, John (University of GlasgowUniversity of OxfordDurham University, 2010)
    We use a panel of over 120,000 Chinese firms of different ownership types over the period 2000-2007 to analyze the linkages between investment in fixed and working capital and financing constraints. We find that those ...
  • Negative investment in China: financing constraints and restructuring versus growth 

    Ding, Sai; Guariglia, Alessandra; Knight, John (University of GlasgowDurham UniversityUniversity of Oxford, 2010)
    This paper attempts to address a puzzle in China’s investment pattern: despite high aggregate investment and remarkable economic growth, negative net investment is commonly found at the microeconomic level. Using a large ...

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