Test on Output Market Competition and Chinese-listed Companies Capital Structure Choices

摘要：

Based on the recent fruits of modern finance theory,and followed the empirical research of Lyandres(2004),Frank and Goyal(2004),Mackey and Phillips(2003),and Campello(2003,2006) et.al.,I investigate the interplay between financial structure (long-term debt) and output market competition outcomes with the data of Chinese-listed companies.The empirical results basically coincide the sitution of financial practice in China.

关键词： capital structure choice output market competition Chinese-listed companies

作者: WU Hao-min

作者单位: School of Economic and Trade,University of ShiHeZi,Xinjiang,China

会议类型: 国际会议

会议名称: 2007 International Conference on Management Science and Engineering(2007管理科学与工程国际学术会议)

会议地点: 河南焦作

会议语种:英文

页码: 1529-1535

在线出版日期: 2007-08-20（万方平台首次上网日期，不代表论文的发表时间）