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    Abstract
2012 (Vol. 4, Issue: 2)
Article Information:

Median Analysis on the TNCs Financial Characteristics of China

LU Xiaoguang, Qingqing Song and LU Diqian
Corresponding Author:  LU Xiaoguang 

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, ,
Vol. 4 , (2): 166-176
Submitted Accepted Published
December 28, 2011 February 22, 2012 April 15, 2012
Abstract:

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.
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  Cite this Reference:
LU Xiaoguang, Qingqing Song and LU Diqian, 2012. Median Analysis on the TNCs Financial Characteristics of China.  Asian Journal of Business Management, 4(2): 166-176.
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ISSN (Online):  2041-8752
ISSN (Print):   2041-8744
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