Su, Kun; Wan, Rui; Li, Bin - In: Chinese Management Studies 7 (2013) 4, pp. 557-571
Purpose – The purpose of this paper is to illustrate and examine the effects of ultimate ownership, institutionality … smaller effect on the capital structure of state-owned firms. The improvement of institutionality can restrain ultimate owners …-developed institutionality. Originality/value – This paper incorporates ultimate ownership and institutionality into a unified analytical …