後金融海嘯時期中國上市公司資本結構之研究:財務槓桿決策之重要決定因素

dc.contributor施人英zh_TW
dc.contributorShih, Jen-Yingen_US
dc.contributor.author施凱勛zh_TW
dc.contributor.authorLukasz Stankiewiczen_US
dc.date.accessioned2019-09-03T09:55:02Z
dc.date.available2016-08-14
dc.date.available2019-09-03T09:55:02Z
dc.date.issued2016
dc.description.abstractNonezh_TW
dc.description.abstractThe paper examines the determinants of capital structure among Chinese listed companies between the years of 2009 and 2014. Many of the researches conducted in the past returned inconsistent results regarding the variables that can be used for prediction of leverage. This research is testing if after the financial crisis of 2008 Chinese companies have changed their financial behavior and if the variables that were identified as reliably important determinants of financial leverage before 2009 are still valid. The variables used cover internal firm characteristics and external economic contexts, including: profitability, asset tangibility, asset growth, firm size, largest shareholding, industry median leverage, state control dummy, PMI, quarterly exports, foreign direct investment, domestic retail sales of consumer goods and money supply. The research finds that the companies have quite considerably changed their leverage levels compared to the earlier years and some leverage determinants changed in their significance. In addition, the results differ depending on which stock market, Shenzhen or Shanghai stock exchange, companies are listed.en_US
dc.description.sponsorship全球經營與策略研究所zh_TW
dc.identifierG060356016O
dc.identifier.urihttp://etds.lib.ntnu.edu.tw/cgi-bin/gs32/gsweb.cgi?o=dstdcdr&s=id=%22G060356016O%22.&%22.id.&
dc.identifier.urihttp://rportal.lib.ntnu.edu.tw:80/handle/20.500.12235/94491
dc.language英文
dc.subject財務槓桿zh_TW
dc.subject資金槓桿zh_TW
dc.subject資本結構zh_TW
dc.subjectCapital structureen_US
dc.subjectleverageen_US
dc.subjectChinaen_US
dc.subjectfinancial crisisen_US
dc.subjectfinancial behavioren_US
dc.subjectShanghai Stock Exchangeen_US
dc.subjectShenzhen Stock Exchangeen_US
dc.title後金融海嘯時期中國上市公司資本結構之研究:財務槓桿決策之重要決定因素zh_TW
dc.titleCapital structure of Chinese listed companies after the 2008 financial crisis: Reliably important determinants of financial leverageen_US

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