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Abstract
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Article Information:
Median Analysis on the TNCs Financial Characteristics of China
LU Xiaoguang, Qingqing Song and LU Diqian
Corresponding Author: LU Xiaoguang
Submitted: December 28, 2011
Accepted: February 22, 2012
Published: April 15, 2012 |
Abstract:
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The purpose of this empirical study is to study the basic characteristics of Chinese TNCs in the
background of economic globalization. Based on the theory of modern TNCs, with data of Chinese listed
companies financial statements in 2009, we constructed quantitative analysis system by using more steady
statistics which included median, Median Average Difference (MAD), median average difference of dispersion
coefficient and median regression model fitted by two-stage least absolute derivation. Then empirical study was
carried out on financial characteristics of Chinese TNCs. The results show that Chinese TNCs have advantages
relative to other types of companies, ultra big company size is Chinese TNCs' essential requirements, fast
capital expansion is Chinese TNCs salient feature and concept of financial management lag is Chinese TNCs'
major defect and so on.
Key words: Transnational Corporations (TNCS), Foreign Direct Investment (FDI), median average difference, Two-stage Least Absolute Deviation (TLAD), Median Analysis on the TNCs Financial Characteristics of China, ,
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Cite this Reference:
LU Xiaoguang, Qingqing Song and LU Diqian, . Median Analysis on the TNCs Financial Characteristics of China. Asian Journal of Business Management, (2): 166-176.
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ISSN (Online): 2041-8752
ISSN (Print): 2041-8744 |
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