THE DETERMINANTS OF CAPITAL STRUCTURE CHOICE FOR CHINESE LISTED COMPANIES BASED ON STRUCTURAL EQUATION MODELING APPROACH

This chapter proposes a Bayesian approach based on structural equation modeling (SEM) to empirically test the determinants of capital structure choice for the Chinese listed companies. The chapter investigates major unobservable theoretical attributes identified by capital structure theories and con...

Full description

Saved in:
Bibliographic Details
Published inInternational journal of mathematics, game theory, and algebra Vol. 25; no. 1; p. 51
Main Authors Li, Xin-Dan, Feng, Xiang-Nan, Lu, Bin, Song, Xin-Yuan
Format Journal Article
LanguageEnglish
Published Hauppauge Nova Science Publishers, Inc 01.01.2016
Subjects
Algebra
Bayesian analysis
Capital structure
Company structure
Construction specifications
Determinants
Economics
Mathematical analysis
Mathematical models
Modelling
China
Online AccessGet full text

Cover

More Information
Summary:This chapter proposes a Bayesian approach based on structural equation modeling (SEM) to empirically test the determinants of capital structure choice for the Chinese listed companies. The chapter investigates major unobservable theoretical attributes identified by capital structure theories and constructs proxies for these attributes considering specific institutional settings in China. The findings suggest that some firm-specific factors relevant to explaining capital structure in developed economies are also related to the Chinese economy. Unique determinants of capital structure choice for Chinese listed companies are also identified, which are closely related to the special micro and macroeconomic situations in China.
Bibliography:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:1099-1859