The Empirical Analysis of Optimal Capital Structure Based on Companies in Shanghai-Shenzhen 300 Indez
The question of the optimal capital structure is a major issue in the field of corporate finance. At present there is no verdict to this in academia. Trade-off theory insists that the optimal capital structure exists, and Pecking Order Theory tells us that there is no clearly defined objectives liability rate. In this paper, on the basis of the studies at home and abroad, selecting companies in Shanghai-Shenzhen 300 index for samples, using panel data analysis, we make an empirical study on the issue, to provide corroboration for the theorys enriching and developing.
The Optimal Capital Structure Trade-off Theory Pecking Order Theory Panel Data
DU Jinmin LIAO Jian
School of Economics, Jinan University, Guangzhou, P.R.China, 510632
国际会议
2008年国际应用统计学术研讨会(2008 International Institute of Applied Statistics Studies)
烟台
英文
1-6
2008-08-14（万方平台首次上网日期，不代表论文的发表时间）