Macro-Economic Uncertainty, Capital Structure and Corporate Investment

DOI

10.2991/aebmr.k.201128.092How to use a DOI?

Keywords

finance, accounting, corporate finance

Abstract

The capital structure and Investment of enterprises is the basis for the existence and development of them. However, there are many unstable factors in Chinese macro-economy. Our research shows that macro-economic uncertainty has a significant effect on the relationship between Capital structure and Corporate investment (RCSCI in brief). The increasing of uncertainty can decrease the positive effect of capital structure on investment. The research also shows that both state-owned enterprises and financial enterprises’ RCSCI are less sensitive to the Macro-economic uncertainty so we eliminated these two sorts of companies.

Copyright

© 2020, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Yuxing Chen
PY  - 2020
DA  - 2020/11/30
TI  - Macro-Economic Uncertainty, Capital Structure and Corporate Investment
BT  - Proceedings of the 2020 2nd International Conference on Economic Management and Cultural Industry (ICEMCI 2020)
PB  - Atlantis Press
SP  - 479
EP  - 486
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.201128.092
DO  - 10.2991/aebmr.k.201128.092
ID  - Chen2020
ER  -