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- W2371320669 abstract "Using the data of Chinese listed companies,this paper studies the difference of the investment behaviors between state-owned firms and non-state-owned firms when they face loss and profit respectively.It is found that both state-owned firms and non-state-owned firms have tendency to over-invest but they take on different characteristics. Lost non-state-owned firms are more likely to over-invest than profitable non-state-owned firms.On the contrary,profitable state-owned firms are more likely to over-invest than lost state-owned firms.The over-investments of both profitable state-owned firms and lost non-state-owned firms have negative influence on firms' value." @default.
- W2371320669 created "2016-06-24" @default.
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- W2371320669 date "2010-01-01" @default.
- W2371320669 modified "2023-09-23" @default.
- W2371320669 title "State Ownership,Firm Performance,and Firm Investment" @default.
- W2371320669 hasPublicationYear "2010" @default.
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