Study on Debt Financing and Corporate Governance of Chinese Private Listed Company

摘要：

Using Debt Financing Ratio as independent variables to interpret the dependent variables of TOBINQ and MBR, this paper tests the hypothesis that debt financing can increase the market value in private listed companies in China. The empirical results show that the debt financing has a certain effect on corporate governance in private listed companies in China, and that debt financing is positively correlated with market value. Further analysis shows that the debt financing in private listed companies need improvements.

关键词： debt financing corporate governance market value private listed companies in China

作者: CHENG Guang

作者单位: Accounting Department, Henan Institute of Engineering, P.R.China, 451191

会议类型: 国际会议

会议名称: The 5th International Sympsium for Corporate Governance(第五届公司治理国际研讨会)

会议地点: 天津

会议语种:英文

页码: 471-478

在线出版日期: 2009-09-01（万方平台首次上网日期，不代表论文的发表时间）