Dynamic capital structure in China: Determinants and adjustment speed

• Main Authors: Yang, Y., Albaity, M., Hassan, C.H.
• Format: Article
• Published: LLC CPC Business Perspectives 2015
• Subjects: HF Commerce; Business
• Online Access: http://eprints.um.edu.my/19408/; https://businessperspectives.org/journals/investment-management-and-financial-innovations/issue-2-cont-7/dynamic-capital-structure-in-china-determinants-and-adjustment-speed

This paper examines the determinants and adjustment speed of capital structure by using a dynamic panel data, two-step system GMM estimator with the latest data covering the years 2008-2013 in China. The results present a significant difference in the determinants and adjustment speed of capital str...