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A Study on the Investment Behavior of China's Listed Companies::A Test Based on Neoclassical Framework

HE Qin(Nankai University,Tianjin 300071,China)  
Abstract:Based on Neoclassical framework,the paper investigates the response of China's Listed Companies' investment spending to the cost changing of capital and the relationship between companies' investment dimensions and their profitability.Findings from this research include: a) the investment behaviors of China's listed companies are by and large in accordance with the behavior paradigm of firms subjected to profit-maximization goals,and b) because of the adjusting cost of capital,the economic policies advocated by Neoclassicists to intervene firm's investment does exert regulating effect on China's firm investment spending in the long run,but has little impact in the short term..
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