The determinants of capital structure: Evidence from China

This paper employs a new database containing the market and accounting data (from 1994 to 2003) from more than 1200 Chinese-listed companies to document their capital structure characteristics. As in other countries, leverage in Chinese firms increases with firm size and fixed assets, and decreases...

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Bibliographic details
Volume:	17
Main Author:	HUANG, Guihai SONG, Frank M
Format:	Journal Article
Language:	English
Place of publication:	NEW YORK Elsevier Inc 2006 ELSEVIER SCIENCE INC Elsevier
published in:	China economic review Vol. 17; no. 1; pp. 14 - 36
Data of publication:	2006
ISSN:	1043-951X 1873-7781
EISSN:	1873-7781
Discipline:	Economics
Series:	China Economic Review
Subjects:	Tax effect State owned enterprises China capital market Capital structure Economics Business & Economics Social Sciences Tax effect State owned enterprises China capital market Capital structure G32 PECKING ORDER MODELS FINANCING POLICIES ASYMMETRIC INFORMATION OWNERSHIP STRUCTURE TESTING STATIC TRADEOFF DEBT CORPORATE-FINANCE tax effect MANAGERIAL DISCRETION state owned enterprises INVESTMENT capital structure AGENCY COSTS
Online Access:	Fulltext
Database:	Social Sciences Citation Index Web of Science - Social Sciences Citation Index - 2006 Web of Knowledge Web of Science RePEc RePEc IDEAS CrossRef Database information Databases - DBIS