This paper explores how the enterprise level affects the enterprise investment behavior from the research perspective of the monetary policy in the government macroeconomic policy. Based on the empirical study of the quarterly data from 2007 to 2015 in listed companies of A-share, this paper has found: when the Central Bank implements tight monetary policies, the enterprise level has a weakened impact on the corporate investment scale. However, due to the buffer action of the internal capital market, the monetary policy has comparatively small impact on the corporate investment scale.
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