All Outputs (3)

Does China overinvest ? evidence from a panel of Chinese firms (2010)
Preprint / Working Paper
Ding, S., Guariglia, A., & Knight, J. (2010). Does China overinvest ? evidence from a panel of Chinese firms

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 calculatemeasures of investment efficiency, which is typically n... Read More about Does China overinvest ? evidence from a panel of Chinese firms.

Negative investment in China : financing constraints and restructuring versus growth (2010)
Preprint / Working Paper
Ding, S., Guariglia, A., & Knight, J. (2010). Negative investment in China : financing constraints and restructuring versus growth

This paper attempts to address a puzzle in China’s investment pattern: despite high aggregateinvestment and remarkable economic growth, negative net investment is commonly found at themicroeconomic level. Using a large firm-level dataset, we test thr... Read More about Negative investment in China : financing constraints and restructuring versus growth.

Investment and financing constraints in China : does working capital management make a difference ? (2010)
Preprint / Working Paper
Ding, S., Guariglia, A., & Knight, J. (2010). Investment and financing constraints in China : does working capital management make a difference ?

We use a panel of over 120,000 Chinese firms of different ownership types over the period2000-2007 to analyze the linkages between investment in fixed and working capital andfinancing constraints. We find that those firms characterized by high workin... Read More about Investment and financing constraints in China : does working capital management make a difference ?.