Capital structure dynamics with restricted equity issuance: Evidence from Chinese post-IPO firms
Chinese firms offer unique insight into capital structure dynamics because tradeoffs and constraints involved differ greatly from Western firms. Greater constraints on equity issuance combined with lesser tax benefits and bankruptcy cost should present fewer incentives for a target capital structure...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
National Cheng Kung University
2019
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| Subjects: | |
| Online Access: | View Fulltext in Publisher |