Testing the pecking order theory of capital structure in big-size firm of china

被引：0
|
作者：
Liu, Xiyu [1 ]
机构：
[1] Wuhan Univ, Sch Econ & Management, Wuhan, Hubei Province, Peoples R China
来源：
PROCEEDINGS OF CHINA-CANADA WORKSHOP ON FINANCIAL ENGINEERING AND ENTERPRISE RISK MANAGEMENT 2010 | 2010年
关键词：
pecking order theory; debt financing; equity financing; least square method; FINANCIAL INTERMEDIATION; INVESTMENT;
D O I：
暂无
中图分类号：
F8 [财政、金融];
学科分类号：
0202 ;
摘要：
In this paper, we test the pecking order theory in large market value companies in Shanghai stock market. On the contrary to the result of other similar test, the test result of this paper shows that the large listed companies accordance with pecking order theory in the period of 2006 to 2009. Possible reasons are discussed at the end the paper, a further study will be need to find out the complete capital structure of Chinese listed companies.
引用
收藏
页码：369 / 372
页数：4
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