Dong, Yan; Liu, Zhentao; Shen, Zhe; Sun, Qian - In: Emerging Markets Finance and Trade 50 (2014) 3, pp. 102-125
In this paper, we empirically examine the determinants of capital structure in China, using 1,006,395 firm-year observations spanning 1998-2007. Consistent with the general findings in developed markets, we find that the long-term debt ratio is positively related to firm size and asset...
