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논문검색

Research on the Capital Structure Decisions of China Logistics Industry: Using the Unbalanced Panel Data Analysis

원문정보

초록

영어

This paper bases on Listed Chinese logistics enterprises samples, from two aspects of static and dynamic to empirically investigate main effect factors of the capital structure, then studies to compare related research results with traditional Chinese manufacturing listed companies, in order to reveal the characteristics of Chinese listed logistics enterprises financing decision and dynamic adjustment, and summarize the corresponding theory through that. The results suggest that financing decisions of Chinese logistics enterprises have a certain difference from the traditional manufacturing enterprises, not only in financing structure establishment, but also in the dynamic adjustment of capital structure, having more mortgage-backed asset, larger size and better profitability are the powerful conditions of rapid financing adjustment for logistics enterprises.

목차

Abstract
 1. Introduction
 2. Literature Review
 3. Research Design
  3.1. Variable Definition
  3.2. Variable Definition
  3.3. Data Selection
 4. Results and Discussion
 5. Conclusions
 References

저자정보

  • Le Zhang College of Economics, Zhejiang University, Hangzhou, China, 210027, School of Finance, Zhejiang University of Finance & Economics, Hangzhou, China, 310018
  • Shaozhong Yu College of Economics, Zhejiang University, Hangzhou, China, 210027

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