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

ME > Vol.6 No.4, April 2015

Volume 6, Issue 4 (April 2015)

ISSN Print: 2152-7245 ISSN Online: 2152-7261

Google-based Impact Factor: 0.74 Citations h5-index & Ranking

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 3,438 Downloads 4,804 Views Citations

Author(s)

Jiachun Chen

Affiliation(s)

Management School, Jinan University, Guangzhou, China.

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.

KEYWORDS

Strategic Emerging Industry, Listed Enterprises, Capital Structure

Share and Cite:

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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