Artikel
Financing behavior of firms in tranquil and crisis period: Evidence from China
This study investigates the financing behavior of Chinese firms in tranquil and crisis situation over the period 2002-2014. We divide the sample into three sub-periods; pre-crisis, during-crisis, and post-crisis. The results indicate some noteworthy findings as this study incorporates firm and country-level factors. We find that the firms' financing choice depends on the market conditions. The results show that Chinese firms have significantly decreased their dependence on leverage after the eruption of global financial crisis. Furthermore, we find that financial crisis of 2007-2008 has significantly affected the explanatory power of all factors. Moreover, profitability, size, and liquidity are important factors determining capital structure of the firm in financial crisis period.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Cogent Economics & Finance ; ISSN: 2332-2039 ; Volume: 5 ; Year: 2017 ; Issue: 1 ; Pages: 1-16 ; Abingdon: Taylor & Francis
- Klassifikation
-
Wirtschaft
- Thema
-
capital structure
financial crisis
Chinese non-financial firms
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Mirza, Sultan Sikandar
Jebran, Khalil
Yan, Yu
Iqbal, Amjad
- Ereignis
-
Veröffentlichung
- (wer)
-
Taylor & Francis
- (wo)
-
Abingdon
- (wann)
-
2017
- DOI
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doi:10.1080/23322039.2017.1339770
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Mirza, Sultan Sikandar
- Jebran, Khalil
- Yan, Yu
- Iqbal, Amjad
- Taylor & Francis
Entstanden
- 2017
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