Please use this identifier to cite or link to this item:
https://hdl.handle.net/20.500.12540/393
DC Field | Value | Language |
---|---|---|
dc.contributor.advisor | Rahman, Jahidur | en_US |
dc.contributor.author | Zhang, Zhixuan | en_US |
dc.date.accessioned | 2021-01-09T01:17:33Z | - |
dc.date.available | 2021-01-09T01:17:33Z | - |
dc.date.issued | 2020 | - |
dc.identifier.citation | Zhang, Z. (2020). The relationship between capital structure and profitability: Evidence from China [Unpublished bachelor's thesis]. Wenzhou-Kean University. | en_US |
dc.identifier.uri | https://hdl.handle.net/20.500.12540/393 | - |
dc.description.abstract | The objective of this study is to investigate whether the capital structure has an impact on profitability in Chinese A-share firms. I employ multiple proxies to measure profitability: (1) Return on Equity, (2) Return on Assets, and (3) Profit Margin. I use three proxies to measure capital structure: (1) Ratio of Short-term Debt to Total Assets, (2) Ratio of Long-term Debt to Total Assets, (3) Ratio of Total Debt to Total Assets. Using a large sample of Chinese A-share companies from 2009 to 2018, this paper finds that a significantly negative relationship exists between capital structure and profitability. I use Pearson Correlation Analysis and Ordinary Least Square Regression to test the effect of short-term debt, long-term debt and total debt on profitability, respectively. These results indicate that Chinese listed companies prefer equity financing to debt financing and help managers to find the optimal capital structure. | en_US |
dc.format.extent | 17 pages | en_US |
dc.format.mimetype | application/pdf | en_US |
dc.language.iso | eng | en_US |
dc.title | The relationship between capital structure and profitability: Evidence from China | 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 | 1025999 | en_US |
dc.subject.keywords | https://creativecommons.org/licenses/by-nc/4.0/ | - |
dc.subject.keywords | Capital Structure | en_US |
dc.subject.keywords | Profitability | en_US |
dc.subject.keywords | Chinese A-share Firms | en_US |
dc.subject.keywords | OLS Regression | 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 |
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wku_etd001_cbpm01_000365.pdf | 554.31 kB | Adobe PDF | View/Open |
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