Testing Pecking Order against Trade-off models of Capital Structure-Evidence from Chinese Listed Companies

机译：基于资本结构的权衡模型检验啄食顺序-来自中国上市公司的证据

获取原文

获取原文并翻译 | 示例

页面导航

摘要
著录项
相似文献
相关主题

摘要

This paper tests traditional capital structure models against the alternative of a pecking order model of corporate finance in Chinese stock market.We show that,the basic pecking order model,which predicts external debt financing driven by the internal financial deficit,has much greater explanatory power over the capital structure of Chinese listed companies than a static trade-off model.However,the trade-off model has greater explanatory power in explaining the debt maturity structure of firms.

机译：本文用传统的资本结构模型与中国股票市场上的公司融资啄序模型进行比较，证明了基本啄序模型可以预测由内部财务赤字驱动的外债融资，具有更大的解释力。相对于静态的权衡模型，它在中国上市公司的资本结构上具有更大的优势。但是，权衡模型在解释公司债务期限结构方面具有更大的解释力。

著录项

来源
《PAN-PACIFIC CONFERENCE XXVI（“战略创新、协作融合”泛太平洋管理学会第26届年会）》|2009年|424-427|共4页
会议地点 Shenzhen(CN)
作者
WangYang; LiYanxi; ZhengChunyan;
展开▼
作者单位

Dalian University of Technology,Dalian,Liaoning,China,116024;

Dalian University of Technology,Dalian,Liaoning,China,116024;

Dalian University of Technology,Dalian,Liaoning,China,116024;

展开▼
会议组织
原文格式 PDF
正文语种 eng
中图分类
关键词
Capital structure; Debt maturity structure; Pecking order theory; Trade-off theory;

机译：资本结构;债务期限结构;啄序理论;权衡理论;

相似文献

外文文献
中文文献
专利

1. Pecking order or trade-off hypothesis? Evidence on the capital structure of Chinese companies [J] . Guanqun Tong, Christopher J. Green Applied Economics . 2005,第19期

机译：啄顺序还是权衡假设？中国公司资本结构的证据
2. Testing trade-off and pecking order models of capital structure: does legal system matter? [J] . Carmen Cotei, Joseph Farhat, Benjamin A. Abugri Managerial finance . 2011,第8期

机译：测试资本结构的权衡取舍模型：法律制度重要吗？
3. Determinants of the Capital Structure of Brazilian Companies: An Empirical Analysis of Pecking Order and Trade-Off Theories in 2005 and 2014 [J] . Marcelo Rabelo Henrique, Sandro Braz Silva, Wendell Alves Soares, Revista Ibero-Americana de Estratégia . 2018,第1期

机译：巴西公司资本结构的决定因素：2005年和2014年啄食顺序和权衡理论的实证分析
4. Testing Pecking Order against Trade-off models of Capital Structure-Evidence from Chinese Listed Companies [C] . Pan-pacific conference on strategic innovation through collaboration and convergence . 2009

机译：测试啄食秩序对来自中国上市公司的资本结构的权衡模型 - 来自中国上市公司的证据
5. Venture capital internationalization in China: Testing the Uppsala model. [D] . Hudson, Paul L., Jr. 2015

机译：中国的风险投资国际化：测试Uppsala模型。
6. Does CSR affect the cost of equity capital: Empirical evidence from the targeted poverty alleviation of listed companies in China [O] . Yuting Yi, Bangsheng Xie, Lixue Zhou, 2020

机译：企业社会责任是否会影响股本成本：中国上市公司针对性扶贫的经验证据
7. Pecking order or trade-off hypothesis? Evidence on the capital structure of Chinese companies [O] . Guanqun Tong, Christopher J. Green 2004

机译：啄顺序还是权衡假设？中国公司资本结构的证据

Testing Pecking Order against Trade-off models of Capital Structure-Evidence from Chinese Listed Companies

摘要

著录项

相似文献

相关主题

期刊订阅