Economic Cycles and Business Investment

An Empirical Investigation of Chinese Companies

DOI

10.2991/aebmr.k.220307.007How to use a DOI?

Keywords

Business investment; Cash holding; Economic cycle

Abstract

As the economy fluctuates in a regular cycle, this paper refers to previous research findings. It divides the economic cycle into three phases by controlling variables for firms’ operating conditions, debt situation, and cash holdings to study the economic cycle’s impact on the scale of business investment. The empirical results find that micro firms behave differently in different phases of the cycle. Finally, the paper gives suggestions for business and macroeconomic policy development based on the empirical results.

Copyright

© 2022 The Authors. Published by Atlantis Press International B.V.

Open Access

This is an open access article under the CC BY-NC license.

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TY  - CONF
AU  - Ting Liu
PY  - 2022
DA  - 2022/03/26
TI  - Economic Cycles and Business Investment
BT  - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022)
PB  - Atlantis Press
SP  - 39
EP  - 43
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220307.007
DO  - 10.2991/aebmr.k.220307.007
ID  - Liu2022
ER  -