Background: This study tries to investigate how firms adjust their leverage policy across the firm's life cycle. For this purpose the study uses an extensive set of data of 867 A listed Chinese non-financial firms over a nineteen years period (1996-2014). Methods: The study employs...

Background: Given the unique market setting and institutional environment of China, this study tries to investigate targeting behavior of Chinese firms towards leverage and the determinants of leverage policy in China at various levels. Methods: For this purpose, we used an extensive set of data...