Firms Capital Structure In Chinas Growth Enterprises Market

摘要：

Our research explored the main theories of firm finance and explained the capital structure of HighTech firms in Chinas Growth Enterprises Market. using the panel data models of fixed and random effects during 2006-2009.The empirical evidences obtained are that more profitable firms use less finance leverage and large companies tend to use more debt than smaller companies, which have high operating risk can lower the volatility of the net profit by reducing the debt level. The finance leverage is also closely related to tangibility of assets and the ratio of non-debt tax shield.

关键词： firm finance capital structure High-Tech firms

作者: Xingwei Li

作者单位: Capital University of Economics and Business

会议类型: 国际会议

会议名称: 2010 International Conference on Information Technology and Industrial Engineering(2010年信息技术与工业工程国际学术会议 ITIE 2010)

会议地点: 武汉

会议语种:英文

页码: 412-415

在线出版日期: 2010-06-06（万方平台首次上网日期，不代表论文的发表时间）