Bhabra, Harjeet S.; Liu, Tong; Tirtiroglu, Dogan - In: Financial Management 37 (2008) 2, pp. 341-364
"We study the capital structure decisions of listed firms in China between 1992 and 2001. The Chinese market exhibits high information asymmetry, phenomenal growth, highly concentrated ownership, and a lack of external market for corporate control. We find that Chinese firms use little long-term...