کد مقاله | کد نشریه | سال انتشار | مقاله انگلیسی | نسخه تمام متن |
---|---|---|---|---|
5107391 | 1481793 | 2017 | 43 صفحه PDF | دانلود رایگان |
عنوان انگلیسی مقاله ISI
Banking system reform and investment-cash flow relation: Case of a small transition economy
ترجمه فارسی عنوان
اصلاحات سیستم بانکی و رابطه سرمایه گذاری و جریان نقدی: مورد اقتصاد گذار کوچکی است
دانلود مقاله + سفارش ترجمه
دانلود مقاله ISI انگلیسی
رایگان برای ایرانیان
کلمات کلیدی
اصلاح سیستم بانکی، سرمایه گذاری حساسیت جریان نقدی، ویتنام،
موضوعات مرتبط
علوم انسانی و اجتماعی
مدیریت، کسب و کار و حسابداری
کسب و کار و مدیریت بین المللی
چکیده انگلیسی
This research examines the effect of banking system reform which is measured by foreign bank's presence on investment-cash flow relation in a context of a small transition economy. The U-shape relation between investment and cash flow is found. We also find evidence that the presence of foreign banks in Vietnam results in decreasing in dependence on local banks and has changed corporate investment behaviors. Company investments are less reliant on internal cash flow in the post reform period. Although overinvestment of state controlled firms is not reduced but underinvestment problem of non-state-controlled listed firms is mitigated due to better accessibility to bank loans. The investigated relation between investment and leverage is robust for this conclusion.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Research in International Business and Finance - Volume 41, October 2017, Pages 500-515
Journal: Research in International Business and Finance - Volume 41, October 2017, Pages 500-515
نویسندگان
Tu Thi Kim Thoa, Nguyen Thi Uyen Uyen,