Ur Rehman, Ajid; Wang, Man; Yu, Haoyang - In: China finance and economic review : CFER 4 (2016), pp. 1-22
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...