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随着我国经济改革的不断深入,社会各个领域发展速度令世界瞠目咋舌。我国经济的飞速发展与投资有着紧密的联系,投资行为可以被视为经济的源动力,起着推动经济发展的作用。然而近些年来,伴随着过快的投资增长,原材料紧缺、产能过剩、重复建设等投资过热等问题逐渐凸显出来,亟待相关部门以及企业自身去积极解决。本文就融资约束、现金持有政策与公司投资行为的关系进行了探析,首先文章对相关理论进行了概述,然后阐述了相关实证研究结论,最后总结全文并提出了一些建议,以达到进一步规范公司投资行为的目的。
With the continuous deepening of China’s economic reform, the world has witnessed rapid development in various fields. The rapid economic development in our country is closely linked with investment. Investment behavior can be regarded as the driving force of the economy and plays a role in promoting economic development. However, in recent years, with the rapid investment growth, raw materials shortage, overcapacity, over-investment in redundant construction and other issues gradually become apparent and are urgently needed by relevant departments and enterprises themselves. This paper analyzes the relationship between financing constraints, cash holding policy and corporate investment behavior. Firstly, the article gives an overview of relevant theories, and then elaborates the conclusions of relevant empirical studies. At the end of this article, the author summarizes the full text and puts forward some suggestions to further standardize the company The purpose of investment behavior.