CHONG, TERENCE TAI-LEUNG; LAW, DANIEL TAK-YAN; ZOU, LIN - In: The Singapore Economic Review (SER) 57 (2012) 04, pp. 1250027-1
This paper examines the impact of profitability, stock price performance and growth opportunity on the capital structure of firms in Singapore, Taiwan and Hong Kong. In contrast to Kayhan and Titman (2007), it is found that firms in these three Chinese-dominated economies strongly prefer debt to...