IDEAS home Printed from https://ideas.repec.org/a/mes/emfitr/v55y2019i5p1091-1108.html
   My bibliography  Save this article

Corporate Governance Boundary, Debt Constraint, and Investment Efficiency

Author

Listed:
  • Qianhua Lei
  • Huili Chen

Abstract

This article examines how the corporate governance boundary affects corporate investment efficiency. The empirical results based on Chinese listed companies suggest that the expansion of the corporate governance boundary can significantly improve investment efficiency. We also investigate the role of debt constraint. Debt constraint can enhance the positive effects of the corporate governance boundary on investment efficiency. This study contributes to the theory of corporate groups and has policy implications on corporate governance.

Suggested Citation

  • Qianhua Lei & Huili Chen, 2019. "Corporate Governance Boundary, Debt Constraint, and Investment Efficiency," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 55(5), pages 1091-1108, April.
    • Handle: RePEc:mes:emfitr:v:55:y:2019:i:5:p:1091-1108
    DOI: 10.1080/1540496X.2018.1526078
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/1540496X.2018.1526078
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/1540496X.2018.1526078?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Zou, Ying & Zhong, Zhuoming & Luo, Jia, 2021. "Ethnic diversity, investment efficiency, mediating roles of trust and agency cost," Economic Analysis and Policy, Elsevier, vol. 69(C), pages 410-420.
    2. Hou, Fei & Tang, Wenjie & Wang, Huabing & Xiong, Hao, 2021. "Economic policy uncertainty, marketization level and firm-level inefficient investment: Evidence from Chinese listed firms in energy and power industries," Energy Economics, Elsevier, vol. 100(C).
    3. Iman Harymawan & Mohammad Nasih & Dian Agustia & Fajar Kristanto Gautama Putra & Hadrian Geri Djajadikerta, 2022. "Investment efficiency and environmental, social, and governance reporting: Perspective from corporate integration management," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 29(5), pages 1186-1202, September.
    4. Lee, Chien-Chiang & Tang, Manting & Lee, Chi-Chuan, 2023. "Reaping digital dividends: Digital inclusive finance and high-quality development of enterprises in China," Telecommunications Policy, Elsevier, vol. 47(2).
    5. Peter Nderitu GITHAIGA, 2019. "Income Diversification, Market Power and Performance," Journal of Economics and Financial Analysis, Tripal Publishing House, vol. 3(2), pages 1-21.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:emfitr:v:55:y:2019:i:5:p:1091-1108. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MREE20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.