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An Empirical Research: The Determining Factors of Capital Structure of Strategic Emerging Industry, Based on Data of Listed Enterprises in China

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DOI: 10.4236/me.2015.64043    2,563 Downloads   3,113 Views   Citations
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ABSTRACT

This paper used relevant research of capital structure as reference in consideration of strategic emerging industry, pointed put forward nine hypotheses. The samples of the empirical research are 224 listed enterprises from Shanghai and Shenzhen stock markets in the year 2012. The research showed that trade factor had influence on capital structure, and profitability was the key influence factor. Besides, firm size, growth and asset liquidity were also the influence factors.

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Chen, J. (2015) An Empirical Research: The Determining Factors of Capital Structure of Strategic Emerging Industry, Based on Data of Listed Enterprises in China. Modern Economy, 6, 458-464. doi: 10.4236/me.2015.64043.

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