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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Main Authors: | , , |
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2009
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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 |
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