沪市公司内部融资约束、现金流与投资行为分析被引量：16

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摘要在回顾了投资现金流量理论的基础上,文章采用公司规模和负债程度二维指标体系,将沪市上市公司划分为不同的内部融资约束程度样本组,分析了2000年～2003年度上市公司投资行为与内部现金流量之间的敏感性关系,并进行动因检验,得出了上市公司投资行为与现金流量高度正相关,融资约束程度和投资——现金流敏感性系数显著正相关和投资行为与投资机会近似不相关的结论,并对不同融资约束样本组的回归结果进行了理论分析并探讨了可能的动因。

作者赵剑锋尹航

机构地区南开大学商学院保定金融高等专科学校会计系

出处《生产力研究》 CSSCI 北大核心 2006年第8期66-68,共3页 Productivity Research

基金国家自然科学基金重点项目"我国企业投融资运作及管理研究"资助(70232020)

关键词融资约束现金流量投资决策理论企业投资行为内部现金流量

分类号 F832.51 [经济管理—金融学] F830.59 [经济管理—金融学]

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参考文献6

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