Leverage and capital structure determinants of Chinese listed companies.
In this paper, quantile regressions are applied to a rich dataset of Chinese listed companies contained in Standard & Poor IQ Capital database. Authors find higher sensitivity over time of corporate leverage to some of its key determinants, particularly for firms at the upper margin of the distr...
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Format: | Electronic Resource |
Language: | English |
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Metro Manila, Philippines
Asian Development Bank
2017.
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Series: | Economics working papers.
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Online Access: | https://www.adb.org/publications/leverage-capital-structure-chinese-listed-companies |