Competition, Debt Maturity, and Adjustment Speed in China: A Dynamic Fractional Estimation Approach

Competition, Debt Maturity, and Adjustment Speed in China: A Dynamic Fractional Estimation Approach

The purpose of this study was to investigate the capital structure adjustment rate in different levels of product market competitions. We classified Chinese non-financial listed firms into highly, moderately, and less competitive firms and applied an unbiased dynamic panel fractional estimator on un...

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Bibliographic Details
Main Authors: Sultan Sikandar Mirza, Tanveer Ahsan, Raheel Safdar, Ajid Ur Rehman
Format: Article
Language:English
Published: MDPI AG 2020-05-01
Series:Journal of Risk and Financial Management
Subjects:
adjustment rate
product market competition
dynamic panel fractional estimator
China
Online Access:https://www.mdpi.com/1911-8074/13/5/106

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