Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.12540/305
DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Liu, Su-Ping | en_US |
dc.contributor.author | Yu, Jiayun | en_US |
dc.date.accessioned | 2020-12-11T11:45:50Z | - |
dc.date.available | 2020-12-11T11:45:50Z | - |
dc.date.issued | 2020 | - |
dc.identifier.uri | https://hdl.handle.net/20.500.12540/305 | - |
dc.description.abstract | This paper discusses the characteristics of capital structure and examines the determinants of it. The sample includes 3506 Chinese listed companies except for financial companies during the period of 2006-2016, by using multivariate regression analysis in a panel data framework. The result shows that leverage increases with firm size and decreases with profitability. Growth opportunity is related to current liability ratio and total debt-to-asset ratio. However, the impact of growth opportunity on noncurrent liability ratio is not significant. Tangibility is related to short-term debt and long-term debt, but no significant relationship between tangibility and total debt exists. Chinese firms prefer to finance short-term debt. The pecking order theory can explain the result to some extent. | en_US |
dc.format.extent | 25 pages | en_US |
dc.format.mimetype | application/pdf | en_US |
dc.language.iso | eng | en_US |
dc.rights.uri | https://creativecommons.org/licenses/by-nc/4.0/ | - |
dc.title | Determinants of capital structure in Chinese listed companies | en_US |
dc.type | Thesis | en_US |
dc.rights.license | Attribution-NonCommercial 4.0 International (CC BY-NC 4.0) | en_US |
wku.group | College of Business and Public Management | en_US |
wku.identifier.studentID | 1025958 | en_US |
dc.subject.keywords | Capital Structure | en_US |
dc.subject.keywords | Listed Corporations | en_US |
dc.subject.keywords | Chinese Capital Market | en_US |
wku.thesis.degree | Bachelor of Science | en_US |
wku.degree.discipline | Accounting | en_US |
wku.degree.grantor | Wenzhou-Kean University | en_US |
Appears in Collections: | Theses and Dissertations |
Files in This Item:
File | Description | Size | Format | |
---|---|---|---|---|
wku_etd001_cbpm01_000278.pdf | 290.16 kB | Adobe PDF | View/Open |
Page view(s)
461
checked on Apr 25, 2024
Download(s)
129
checked on Apr 25, 2024
Google ScholarTM
Check
This item is licensed under a Creative Commons License