Journal of Chemical and Pharmaceutical Research (ISSN : 0975-7384)

header
Reach Us reach to JOCPR whatsapp-JOCPR +44 1625708989
All submissions of the EM system will be redirected to Online Manuscript Submission System. Authors are requested to submit articles directly to Online Manuscript Submission System of respective journal.

Original Articles: 2014 Vol: 6 Issue: 6

Effects of financing factors on investment behavior of Chinese cultural industry listed company-an empirical study based on unbalanced dynamic panel data

Abstract

Based on the unbalanced dynamic panel data from Chinese cultural industry listed companies from 2006 to 2013,by using the System-GMM estimation, this paper establishes a financing-investment dynamic econometrical model, in order to examine the influences of cumulative effect and three financing factors.The results demonstrate that, on the whole ,internal funds of the cultural industry listed companies faced with significant shortage, and the investment mainly rely on external financing.It showed that investment behavior is dominated by internal financing, but debt financing and equity financing have dominant active affect on investment behavior, and the latter's impact is larger.Moreover ,the small and medium of cultural media firms have a preference for equity financing

http://sacs17.amberton.edu/

rtp slot demo