Study on Capital Structure and Corporate Performance: Evidence from China

摘要：

This study intends to find out how the capital structure is useful to achieve the firms performance.The paper used the panel data of 98 Chinese listed companies on the Shanghai and Shenzhen Stock during the period 1999-2003 to examine the relationship between the capital structure and the firms performance.The analysis of data reveals a strong relationship between the ratio of short-term debt to total assets,the ratio of total debt to total assets and the performance of the firms.However,a negative relationship between the ratio of long-term debt to total assets and performances ratio was found.This study suggests that firms that perform well should base their financing strategy on debt financing.

关键词： Capital structure Corporate performance China

作者: Xu Fengju Aidehou Kouassi Conrad Leon Zhao Meilin

作者单位: School of Management,Wuhan University of Technology,Wuhan,P.R.China,430070 Economic School,Huazhong Normal University,Wuhan,P.R.China,430079

会议类型: 国际会议

会议名称: 第三届产品创新管理国际会议(The 3rd International Conference on Product Innovation Management)

会议地点: 武汉

会议语种:英文

在线出版日期: 2008-10-26（万方平台首次上网日期，不代表论文的发表时间）