DocumentCode
1657259
Title
Notice of Retraction
The study on the relationship between debt constraint and investment expenditure
Author
Yang Haoyu ; Zhou Ningning
Author_Institution
Sch. of Bus. & Manage., North China Electr. Power Univ., Beijing, China
Volume
3
fYear
2010
Firstpage
309
Lastpage
312
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.
By empirical studying on the bases of the power listed companies finance data of 2005-2008 in China, this paper finds that the investment expenditure of China´s power listed companies has a significantly negative relationship with the asset-liability ratio, short-term debt ratio, long-term debt ratio, bank loan ratio, commercial credit ratio, long-term ratio and short-term loan ratio. This indicates that debt can play a constraint role in investment expenditure of the power listed companies, and the constraint effects of the different maturity structures and category structures in debt does not have significant differences.
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.
By empirical studying on the bases of the power listed companies finance data of 2005-2008 in China, this paper finds that the investment expenditure of China´s power listed companies has a significantly negative relationship with the asset-liability ratio, short-term debt ratio, long-term debt ratio, bank loan ratio, commercial credit ratio, long-term ratio and short-term loan ratio. This indicates that debt can play a constraint role in investment expenditure of the power listed companies, and the constraint effects of the different maturity structures and category structures in debt does not have significant differences.
Keywords
electricity supply industry; investment; China; asset-liability ratio; bank loan ratio; commercial credit ratio; debt constraint; investment expenditure; power listed companies; Industries; debt category structure; debt constraint; debt maturity structure; investment expenditure;
fLanguage
English
Publisher
ieee
Conference_Titel
Advanced Management Science (ICAMS), 2010 IEEE International Conference on
Conference_Location
Chengdu
Print_ISBN
978-1-4244-6931-4
Type
conf
DOI
10.1109/ICAMS.2010.5553231
Filename
5553231
Link To Document