The aim of this study is to analyse the financing choices of multibusiness firms, in terms of debt-maturity. The results suggest that the degree of product diversification and the direction of diversification (related or unrelated) translate into different corporate financial behaviours. In particular, diversification related or unrelated had opposite effects on debt-maturity; the former strategy has a negative effect whereas the latter has a positive influence on debt-maturity.
机构:
Sun Yat Sen Univ, Lingnan Coll, Guangzhou, Peoples R ChinaSun Yat Sen Univ, Lingnan Coll, Guangzhou, Peoples R China
Liu, Guanchun
Liu, Yuanyuan
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机构:
Guangdong Univ Foreign Studies, Sch Finance, Guangzhou, Peoples R ChinaSun Yat Sen Univ, Lingnan Coll, Guangzhou, Peoples R China
Liu, Yuanyuan
Zhang, Chengsi
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机构:
Renmin Univ China, Sch Finance & China Financial Policy Res Ctr, Beijing, Peoples R ChinaSun Yat Sen Univ, Lingnan Coll, Guangzhou, Peoples R China
机构:
Danmarks Natl Bank, Res Dept, Langelinie Alle 47, DK-2200 Copenhagen, DenmarkDanmarks Natl Bank, Res Dept, Langelinie Alle 47, DK-2200 Copenhagen, Denmark
机构:
Sunway Univ, Business Sch, 5 Jalan Univ, Sunway City 47500, Selangor Darul, MalaysiaRMIT Univ, Sch Econ Finance & Mkt, Melbourne, Vic 3000, Australia
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Macquarie Univ, Macquarie Business Sch, Dept Accounting & Corp Governance, Sydney, NSW, AustraliaMacquarie Univ, Macquarie Business Sch, Dept Accounting & Corp Governance, Sydney, NSW, Australia
Hasan, Mostafa Monzur
Asad, Suzona
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Univ Auckland, Business Sch, Auckland, New ZealandMacquarie Univ, Macquarie Business Sch, Dept Accounting & Corp Governance, Sydney, NSW, Australia
Asad, Suzona
Wong, Jin Boon
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Macquarie Univ, Macquarie Business Sch, Dept Accounting & Corp Governance, Sydney, NSW, AustraliaMacquarie Univ, Macquarie Business Sch, Dept Accounting & Corp Governance, Sydney, NSW, Australia