Empirical Research on the Effect of Corporate Culture to Capital Structure of Listed Companies

摘要：

Corporate culture does matter. Compared to the popular measurement method, this article seeks to measure corporate culture by collecting open materials about corporate. Using firms’ data from 2000-2006, we have shown that the strength of corporate culture significantly affects corporate policies such financial structure. If a firm has a strong culture, it will have less debt* than weak-culture firms. We suggest that it is important to recognize the existence of the culture for understanding corporate policies.

关键词： Corporate Culture Capital Structure Listed Companies

作者: Liu Zhixiong Zhang Wei

作者单位: Business School of China University of Political Science and Law，Beijing 102249，P.R.China

会议类型: 国际会议

会议名称: 2009 International Institute of Applied Statistics Studies(2009 国际应用统计学术研讨会)

会议地点: 青岛

会议语种:英文

页码: 1-6

在线出版日期: 2009-07-25（万方平台首次上网日期，不代表论文的发表时间）