Title :
Notice of Retraction
An empirical study on the governance effect of bank loan financing of listed companies in China
Author_Institution :
School of Business, Hunan University of Science and Technology, Xiangtan, China
Abstract :
Notice of Retraction
After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.
We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.
The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.
The majority of scholars at home and abroad come to the conclusion that the debt has positive governance effect on company performance, while little research on debt restriction on company activities. This paper study the restrictive terms of bank loans how to influence agency costs and operating activities of listed companies. This paper used the data of our Shanghai and Shenzhen A-share listed companies during 2007–2008 to study. The results show that: the restrictive terms of bank loans influence both agent cost and operating activities of listed companies. However, bank loans in this sample companies selected have greater negative effects than positive effect, resulting in a negative effect of comprehensive performance.
Keywords :
Analytical models; Companies; Contracts; Correlation; Economics; Finance; Mathematical model; bank loans; company performance; corporate governance; restrictive terms;
Conference_Titel :
E -Business and E -Government (ICEE), 2011 International Conference on
Conference_Location :
Shanghai, China
Print_ISBN :
978-1-4244-8691-5
DOI :
10.1109/ICEBEG.2011.5876675
