Title :
Debt Financing Structure and Its Impact on Corporate Performance: An Empirical Study on Family Owned Listed Firms in Zhejiang Province, China
Author :
Zhou, Hong ; Geng, Zhao-Yuan ; Huang, Jieqiong ; Chen, Cheng
Author_Institution :
City Coll., Dept. of Finance, Zhejiang Univ., Hangzhou, China
Abstract :
In order to reveal the impaction of debt financing to corporate performance, we select Zhejiang Province family owned listed corporation as study sample, using multivariate linear regression method, analyzing corporate performance by three factors: overall level of debt financing, debt maturity structure and debt sources structure. Our conclusion is Zhejiang family owned listed firms´ debt financing is negative correlated to corporate performance, current debt and long term debt both show a significant negative correlation to corporate performance, selection of debt financing has no significant relation to corporate performance.
Keywords :
financial management; organisational aspects; regression analysis; China; Zhejiang Province; corporate performance; debt financing structure; debt maturity structure; debt sources structure; multivariate linear regression method; Cities and towns; Companies; Cost function; Educational institutions; Finance; Financial management; Industrial control; Industrial relations; Linear regression; Performance analysis;
Conference_Titel :
Management and Service Science, 2009. MASS '09. International Conference on
Conference_Location :
Wuhan
Print_ISBN :
978-1-4244-4638-4
Electronic_ISBN :
978-1-4244-4639-1
DOI :
10.1109/ICMSS.2009.5302735
