Title :
Notice of Retraction
Empirical research on capital expenditure behavior — Evidence from China´s security
Author :
Changhai, Zhang ; Shunxiang, Wu
Author_Institution :
Accounting department, Hainan University, Haikou, 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.
Using family controlled listed firms as the sample for 2002–2007 year, we test whether capital expenditure of listed family firms depends on internal cash flow and what´s the causes if it is. We find that there is investment-cash flow sensitivity in family firms and the reason is the financing constraints of family firms. So the primary measure to promote family firms development is solving its financing constraints from the constitution.
Keywords :
Companies; Economics; Finance; Government; Investments; Law; Sensitivity; Capital expenditure behavior; Family firms; Financing constraints; Free cash flow;
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.2011.5881779
