Based on the panel data of small and medium-sized companies listed on A-share market from the year 2003 to 2009, the paper analyzes the effect of capital structure and corporate governance on firm performance. In general, debt constrains are negatively related to firm performance. And the...

Corporate governance mechanisms are of particular interest to publicly listed SMEs, as ineffective governance mechanisms, or the nonexistence of effective ones, can lead to the speedy and sure demise of these enterprises, as they generally do not possess the resources to survive as their larger...