Notice of RetractionFinancing strategy from perspective of firms´ sustainable development

Notice of Retraction

After careful and considered review of the content of this paper by a duly constituted expert committee, this paper has been found to be in violation of IEEE´s Publication Principles.

We hereby retract the content of this paper. Reasonable effort should be made to remove all past references to this paper.

The presenting author of this paper has the option to appeal this decision by contacting TPII@ieee.org.

Traditional financial theories considered firms´ financing strategy only from the perspective of debts´ tax shield benefits and their financial distress costs, and overlooked the effects of high debt ratios on firms´ sustainable development. High debt ratios not only affects firms´ investing behavior and market competition behavior, but also affects the trading behavior of their stakeholders such as customers, suppliers, employees, creditors and shareholders. These could further affect firms´ future development and survival. Based on the above considerations, firms should reduce their debt ratios accordingly to achieve more sustainable development when making their financing strategy.