Ownership, institutions, and capital structure: Evidence from China

Ownership, institutions, and capital structure: Evidence from China

We employ a unique data set to explore the role of ownership structure and institutional development in debt financing of non-publicly traded Chinese firms. We show that state ownership is positively associated with leverage and firms’ access to long-term debt, while foreign ownership is negatively...

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Bibliographic Details
Main Authors: LI, Kai, YUE, Heng, ZHAO, Longkai
Format: text
Language:English
Published: Institutional Knowledge at Singapore Management University 2009
Subjects:
Foreign ownership
Leverage
Long-term debt
Marketization
Short-term debt
State ownership
Accounting
Marketing
Online Access:https://ink.library.smu.edu.sg/soa_research/1698
https://ink.library.smu.edu.sg/context/soa_research/article/2725/viewcontent/ownership__1_.pdf
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Institution: Singapore Management University
Language: English

Internet

https://ink.library.smu.edu.sg/soa_research/1698
https://ink.library.smu.edu.sg/context/soa_research/article/2725/viewcontent/ownership__1_.pdf

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