DocumentCode
1830893
Title
Impact of industrial competitive characteristic on firms´ debt financing decision: evidence from China
Author
Zeng, Hong ; Rao, Xi
Author_Institution
Coll. of Econ. & Bus. Adm., Chongqing Univ., China
Volume
1
fYear
2005
fDate
13-15 June 2005
Firstpage
340
Abstract
Study on debt financing decision of firms in different competitive forms by a dynamic empirical model, includes how to decide the capital structure and the decision between debt financing and equity financing. Result shows that there is important linkage between debt financing decision and industrial competitive characteristic, and when deciding debt financing, completely competitive firms are more rational than monopoly ones.
Keywords
decision making; finance; industrial economics; China; competitive firms; debt financing decision; equity financing; industrial competitive characteristic; product market; Chemical industry; Contracts; Costs; Couplings; Data analysis; Fertilizers; Financial management; Monopoly; Stock markets;
fLanguage
English
Publisher
ieee
Conference_Titel
Services Systems and Services Management, 2005. Proceedings of ICSSSM '05. 2005 International Conference on
Print_ISBN
0-7803-8971-9
Type
conf
DOI
10.1109/ICSSSM.2005.1499491
Filename
1499491
Link To Document