Capital structure, equity structure, and technical efficiency - empirical study based on China coal listed companies

摘要：

This paper firstly uses Stochastic Frontier Analysis method to measure the technical efficiency of China coal listed companies from 1998 to 2008. Then, it constructs panel data model to empirically test the influence of capital structure and equity structure on technical efficiency. The results reveal that both capital structure and equity structure have an inverse U shape relation with technical efficiency, which is consistent with theoretical analysis.

关键词： coal listed companies technical efficiency capital structure equity structure

作者: Wang Yan-li Liu Chuan-zhe

作者单位: School of Management, China University of Mining & Technology, Xuzhou 221116, China

会议类型: 国际会议

会议名称: The 6th International Conference on Mining Science & Technology ICMST 2009(第六届国际矿业科学技术大会)

会议地点: 徐州

会议语种:英文

页码: 1-6

在线出版日期: 2009-10-18（万方平台首次上网日期，不代表论文的发表时间）